Vertically integrated renewable energy company Green Energy Park (GEP) signed a Memorandum of Understanding with Eletrobras, the leading power utility and transmission company in Latin America, with the objective of achieving cost and technology leadership in the production of renewable hydrogen and hydrogen derivatives in Brazil.
Brazil offers some of the best natural conditions for producing renewable hydrogen in the world. The collaboration between GEP and Eletrobras combines hydropower electricity resources of more than 10 gigawatts (GW), available for renewable hydrogen production at Eletrobras, with a unique hydrogen and hydrogen derivatives production platform, designed and implemented by Green Energy Park.
To achieve cost leadership in renewable hydrogen, base-load hydroelectric power will enable the deployment of state-of-the-art electrolysers technologies, implemented on a standardised production infrastructure, including purpose-built export terminal facilities. The integrated hydrogen production platform features some of the most advanced process engineering designs from the liquified natural gas and ammonia business. Green Energy Park has deep engineering and EPC expertise in the field of world-scale cryogenic gas handling and storage, which is combined with its dedicated industrial construction implementation capabilities.
“We are incredibly proud to announce this significant milestone in our journey to build a strong coalition for achieving our climate goals,” said Bart Biebuyck, CEO of Green Energy Park. “Renewable electricity is the cornerstone of our green hydrogen production process and we are delighted to have it secured from Eletrobras, a company that stands out as the dominant player in Brazil’s energy infrastructure. The availability of hydropower at the gigawatts scale from Eletrobras is a critical component in our mission to achieve cost leadership in renewable hydrogen. Together we are looking forward to the positive impact this collaboration will have on our efforts to build and accelerate the hydrogen economy in Brazil and around the world.”
“We, at Eletrobras, are working to offer innovative solutions for the electricity sector as a way of promoting the energy transition process, always aiming for a more sustainable future,” added Ivan de Souza Monteiro, CEO of Eletrobras. “As leaders in the generation and transmission of electrical energy in Brazil, we must contribute not only to improving our country matrix, but the world, so that the sources are increasingly cleaner and renewable. With this important partnership, we are aligned with the strategy of contributing to the decarbonisation of the economy and energy security.”