Green Energy Park raises $30 millions obtaining long-term rights to Brazil’s hydrogen port terminal facilities

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Vertically integrated, renewable energy franchise, Green Energy Park signed a definitive agreement for 30 million US Dollars Series-A funding and has obtained the long-term rights to the hydrogen port terminal facilities in Luis Correia, Brazil.

“The world is at risk of falling behind its climate goals. The urgency to act is now,” said Bart Biebuyck, CEO of Green Energy Park. “Despite the many efforts and programs to arrest climate change, emissions from fossil fuels, including coal, oil and gas, have reached a new record in 2023.”

He reminded us that to achieve Net Zero carbon emissions by 2050, we need to install 6,000 gigawatts of electrolyser capacity around the world.

“This is a monumental task,” he continued. “The good news is that it can be done. It is not too late to act. But we must act now! Therefore, at Green Energy Park, we are on a singular mission: to produce the lowest-cost renewable hydrogen at the gigawatt scale. To achieve our ambitious goal, we combine cutting-edge hydrogen production technologies, with innovative process engineering solutions, at one of the most advantageous sites for renewable hydrogen production in the world, in the State of Piaui, Brazil. In short, Piaui is set to become our ground zero of the hydrogen revolution. Therefore, we are incredibly proud of our strong partnership with the State of Piaui on this critical mission.”

“The State of Piaui offers some of the best conditions in the world for producing green hydrogen,” added Victor Hugo Almeida, CEO of Investe Piaui. “The State Government and the Governor, Rafael Fonteles, are fully committed to unlocking the great potential of our unique natural resource endowment to the benefit of our citizens, the climate and indeed the world. Green Energy Park provides our State with a tremendous opportunity for a bright future. The world-scale hydrogen project will create thousands of high-quality jobs in our state and will accelerate the green industrialisation of our economy. We want to attract international businesses to build a world-scale hydrogen cluster by creating a favourable investment environment with strong support from the State of Piaui.”

Green Energy Park Piaui is the company’s first hydrogen production plant, targeting 10.8 gigawatts (GW) of electrolyser capacity when fully built. The integrated hydrogen and hydrogen derivatives production facilities feature 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 cryogenic gas handling and storage, which is combined with dedicated construction implementation capabilities.

To achieve cost leadership in renewable hydrogen, Green Energy Park is sourcing world-class renewable electricity input, feeding state-of-the-art electrolyser technologies, implemented on a purpose-built and standardised production infrastructure.

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