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Hamburg-based hydrogen pioneer Eternal Power gains another prominent investor and senior advisor with manager and entrepreneur Dieter Ammer. The company is developing green hydrogen projects worldwide for import to Germany and the EU. Ammer supports the founding and managing director team with immediate effect in an advisory capacity in the development of a global project pipeline.  In addition, Dieter Ammer is participating in financing the company.
As an export country for green hydrogen, hardly any region is more suitable than the north of Chile. Hamburg-based hydrogen producer Eternal Power is therefore touring the region with local partners to identify suitable areas for the development of large-scale plants.
With the beginning of June, Dr. Daniel Gerner joins ETERNAL POWER as Managing Director and Chief Financial Officer. “I'm happy that we will be working on making our planet a bit more carbon neutral by producing green energy, green hydrogen, and its derivatives!"
Germany is expected to import around 80% of its future green hydrogen demand, presenting opportunities for diversification and reduced dependence on specific partners. ETERNAL POWER operates amongst other in Brazil, the UAE, Turkey, Namibia and Vietnam, where the scale-up sees significant potential for low-cost green hydrogen production and where the German Federal Ministry for Economic Affairs and Climate Action is discussing or has already signed partnerships.
Hydrogen producer ETERNAL POWER recognizes the mobility sector, particularly heavy-duty transport, and the chemical industry as key drivers for the rapid development of the green hydrogen market. Despite being currently more expensive than fossil alternatives, industries that must adhere to CO2 quotas and are technically prepared to switch to green hydrogen present a positive business case.
A team of ETERNAL POWER visited Portugal together with the local cooperation partner to evaluate potential project sites and was impressed by Portugal’s ambitions and pace with regards to decarbonizing their power system and becoming a net exporter of green hydrogen.
Eternal Power aims to produce green hydrogen for 3 euros per kilogram by 2030, primarily in countries like Chile. The forecast considers five factors to be most relevant: renewable energy and electrolyser costs, technological advancements, competition, and political incentives.
Together with its Chilean partners, ETERNAL POWER is developing green hydrogen projects exceeding 3 GW of installed capacity in northern Chile. As part of a trip to Chile, ETERNAL POWER and a team of their partners visited and assessed different potential project sites for hybrid wind and PV hydrogen projects in the Atacama Desert.
Dr. Moritz Schwencke and Robert Meitz from ETERNAL POWER joined this year’s McKinsey GBB which connects entrepreneurs, innovators and investors with the aim to build green businesses. The team presented ETERNAL POWERs approach to become a fully integrated supplier for green hydrogen and had great conversations with other companies interested and active in the sector.
Munich-based agency SCRIVO Public Relations has been chosen by ETERNAL POWER to handle its communications mandate. SCRIVO's extensive experience in the energy sector and hydrogen technologies makes them an ideal choice for providing public relations and communications consulting for ETERNAL POWER.
As member of the German-Emirati Hydrogen Task Force, ETERNAL POWER participated in the 7th Emirati-German Energy & Climate Day hosted by the German Federal Ministry for Economic Affairs and Climate Action in Abu Dhabi. Dr. Moritz Schwencke und Robert Meitz also joined the discussions on the World Future Energy Summit in Abu Dhabi and met with partners to discuss concrete next steps for joined projects.
The hydrogen scale-up Eternal Power has signed energy manager Frank Mastiaux as Senior Advisor. With immediate effect, the former CEO of EnBW Energie Baden-Württemberg AG will support the Hamburg-based company in its mission to become one of the world's leading, fully integrated producers of green hydrogen.
ETERNAL POWER secures land for green hydrogen production close to Rostock. The green energy required for splitting water into green hydrogen and oxygen will be generated by 40MW of new solar PV capacity. This will result in almost 1,000 tons of green hydrogen per year. The hydrogen will supply future hydrogen fueling stations in the area.
Eternal Power is rapidly growing its global footprint by forging strong partnerships with local groups. In its pursuit of building a fully integrated global producer of green hydrogen at large scale, Eternal Power is supported by different governments. Eternal Power is working on 15+ project opportunities for renewable energy and hydrogen production projects on four continents and with a capacity of more than 5+ GW.
The UAE Ministry of Energy and Infrastructure and the German Federal Ministry for Economic Affairs and Climate Action invited ETERNAL POWER to join the Emirati-German Hydrogen Task Force. The Task Force on Hydrogen and Synthetic Fuels creates a network between governments, industry and research institutes from both countries. The objective of the Task Force is to work out concrete recommendations for the UAE Ministry of Energy & Infrastructure (MOEI) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Furthermore, the UAE and German governments pursue to identify strategic bilateral energy and industry projects.
ETERNAL POWER signed a Joint Venture Agreement with a leading local partner to develop green hydrogen production sites at large scale for export and local off-take. The construction is planned in three phases. In the first phase, almost 200,000 tons of green ammonia, a transportable green hydrogen derivative, are planned. The capacity will be ramped-up to almost 500,000 tons of green ammonia per year. In the third phase, additional 80,000 tons of liquid hydrogen will be delivered yearly to local off-takers.
ETERNAL POWER joined the UAE delegation on 2 of their 3 stops in Germany to talk about the next steps in building up the green hydrogen economy. The delegation was headed by H.E. Sharif Salim al Olama, Undersecretary of the Ministry of Energy and Industry, with representatives of ADNOC and Masdar. The commitment shown by both governments is a clear signal and further strengthens our joint venture in the UAE.
ETERNAL POWER was invited by McKinsey & Company to the Green Business Building Global Summit 2022 in Stockholm, a forum for leading greentech disruptors, unicorns, incumbents and now a member of the H2Global Foundation: We are looking forward to adopt an active role in promoting the green hydrogen sector.
ETERNAL POWER is now a member of the H2Global Foundation: We are looking forward to adopt an active role in promoting the green hydrogen sector.
In Ankara, Eternal Power has signed a Joint Venture Agreement with a strong, highly experienced and well established Turkish Group to set up a Joint Venture company to develop, finance, build and operate green hydrogen (or derivatives thereof) production facilities in Turkey and other countries in the region with a capacity of at least 1 GW installed renewable energy capacity. More details will follow in a separate press release by both partners in upcoming weeks.
In Brazil, Eternal Power has signed a MoU (Memorandum of Understanding) with four strong local partners to develop green hydrogen production facilities of up to 1 GW (electrolyzer capacity) in the Ceará Export Processing Zone (‘ZPE’), adjacent to the Port of Pecém, the hydrogen „hot spot“ close to Fortaleza.
In Abu Dhabi, Eternal Power has signed a Joint Venture Agreement with a strong local partner for a green ammonia production facility of at least 500 MWp (capacity of the PV field) in UAE with significant subsequent capacity expansions planned for in later stages.
ETERNAL POWER has signed a MoU (Memorandum of Understanding) with a strong local partner in United Arab Emirates (UAE) in order to plan, build and operate a green hydrogen production facility of at least 500 MWp in UAE.
ETERNAL POWER initiates first initiatives to start building its global renewalbe energy pipeline with a focus on solar projects in Germany as well as Spain, Italy, Turkey, UAE, Africa and Brazil.
Grazia Equity, one of Germany‘s most selective and experienced start-up investors, decides to join Eternal Power‘s team and become a member of the founders‘ team.
A team of five experienced renewable energy, shipping and logistics specialists join forces to establish Eternal Power with the ambition to build a leading global producer of green hydrogen in order to power the decarbonisation of future energy consumption.