ATOME Energy and the Itaipu Binational Technology Park struck a contract to invest in cutting-edge, environmentally friendly hydrogen and ammonia production facilities.
The two institutions’ cooperation intends to produce green hydrogen and ammonia on a big scale using renewable energy sources. By the end of 2024, the company expects to scale up production from a starting 50 MW unit, with plans for a gradual rise in production up to 250 MW. The same project will be carried out concurrently by ATOME Energy in Iceland, where they will also have access to clean energy sources.
ATOME Energy’s announcement extols the benefits of choosing Paraguay as the site for its manufacturing hub. Its membership in Mercosur and easy access to clean energy produced by hydroelectric dams make it the perfect site for a project of this size.
The production centre will sit one kilometre from the Itaipu hydroelectric dam, giving it easy access to the river for transportation and plenty of access to the power generated by the dam. It is conceivable to forecast exports to the rest of the world in the future because markets interested in these items exist both within Paraguay and Mercosur.
The project is in line with the targets set forth by Paraguay, including those in its National Development Plan 2030, Green Hydrogen Roadmap, and Nationally Determined Contributions (NDC) under the framework of the Paris Accord.