Cepsa and Ohmium International have established a partnership to construct highly efficient green hydrogen projects on the Iberian Peninsula.
Cepsa may receive up to 300 MW of installed hydrogen production capacity through the collaboration. Under the terms of the agreement, both parties will collaborate on green hydrogen research and development activities.
Commenting on the agreement, Carlos Barrasa, Director of Commercial & Clean Energies at Cepsa, said: “We at Cepsa have many years of experience in the production and handling of energy sources via molecules. As we transition to green hydrogen, this experience gives us a competitive advantage and our collaboration with Ohmium will further enhance the efficiency of the hydrogen production process, key to cost competitiveness, thanks to the company’s novel technology.”
Arne Ballantine, CEO, Ohmium International, continued: “Cepsa is a leader in the energy industry and a truly visionary company. Their Positive Motion plan, which lays out the transition to a greener and more sustainable economy in the Iberian Peninsula, and which includes the development of 2 GW of green hydrogen production in Spain and Portugal by 2030, is proof of that. With this collaboration we are taking an immediate and concrete step towards making that goal a reality.”
The inclusion of ambitious goals for the production of green hydrogen in Cepsa’s Positive Motion strategy is an explicit acknowledgment that green hydrogen is an appropriate approach to decarbonize many industries, including complicated sectors like as heavy transport, aviation, and maritime traffic.
Replacement of “gray” hydrogen with cost-effective renewable hydrogen – carbon-free hydrogen produced from water electrolysis using renewable energy sources – will be essential to achieving global carbon reduction goals. Additionally, green hydrogen can immediately increase local and regional energy independence and security. Conflicts can interrupt global energy supply networks, but renewable energy resources can be utilized to manufacture green hydrogen locally at a reasonable cost.