ATOME Energy has abandoned its hydrogen mobility project in Paraguay, signaling a shift towards becoming an industrial-scale green fertilizer producer.
The termination of the agreement with Clean Power Hydrogen for an electrolyser underscores ATOME’s commitment to green initiatives and sustainable agricultural practices in the region.
ATOME’s decision to forgo the hydrogen mobility project aligns with its renewed commitment to the Villeta project, emphasizing the production of green fertilizer as a core element of its business strategy. By refocusing efforts on sustainable agriculture, the company aims to contribute to environmentally conscious practices in Paraguay.
The Villeta project, with a capacity of 145MW, is designed to be a cornerstone for ATOME’s green initiatives. Having secured its environmental license and Free-Trade Zone status, Villeta is poised to play a pivotal role in advancing sustainable practices in energy and agriculture.
The larger Yguazu project, another focal point for ATOME, is part of the company’s vision for creating a significant impact in Paraguay. Both projects underscore the integration of green technologies in energy and agriculture, emphasizing environmental sustainability.
The decision to cancel the hydrogen mobility project and terminate the electrolyser agreement with Clean Power Hydrogen PLC reflects ATOME’s strategic vision. The company views the mobility project as a potential diversion from its core objective of becoming a leading green fertilizer producer. By parting ways with the electrolyser plans, ATOME signals a strong commitment to its green fertilizer business.
The cancellation of the electrolyser delivery order has been amicable, with both ATOME and Clean Power Hydrogen PLC reaching a mutual agreement without financial penalties. ATOME has received its $300,000 deposit back, marking a fair and equitable conclusion to the partnership.
In a collaborative effort, ATOME and Clean Power Hydrogen PLC have entered into a non-binding framework agreement with G-Mobility, a subsidiary of Molecular Energies PLC. The agreement explores the potential for a licensing agreement concerning the manufacture and sale of Clean Power Hydrogen PLC’s Mobile Flexible Electrolysers (MFEs) in the Mercosur group of countries in South America.