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 Shareholder and 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.
