Electricity Generating Public Company Limited (EGCO Group) and Diamond Generating Asia (DGA), a wholly-owned subsidiary of Mitsubishi Corporation in Hong Kong, have signed a Memorandum of Understanding (MoU) to explore the development of hydrogen value-chain related businesses and renewable energy projects.
This strategic partnership aims to drive the transition from fossil fuels to green energy, with a focus on green hydrogen production at EGCO Group’s Boco Rock Wind Farm in New South Wales, Australia.
The energy industry is undergoing a transformative period as the world seeks cleaner and more sustainable energy solutions. Hydrogen has emerged as a promising contender in this transition, offering high potential to replace fossil fuels and power various sectors. Recognizing the rapid development of the hydrogen market, EGCO Group envisions investing in hydrogen value-chain related businesses to drive the transition towards greener energy sources.
EGCO Group and its long-time partner, DGA, are set to leverage their expertise in the power and energy markets to conduct a comprehensive feasibility study on renewable energy and hydrogen-related businesses in Australia. With the country holding immense potential for green hydrogen industry development, the study will encompass the production of green hydrogen at EGCO Group’s 113-MW Boco Rock Wind Farm in New South Wales.
EGCO Group and DGA’s partnership represents a significant step towards advancing the hydrogen value-chain and renewable energy projects in Australia. By capitalizing on green hydrogen’s potential, these companies are poised to lead the energy transition, promoting cleaner, greener, and more sustainable energy solutions. The collaborative efforts of EGCO Group and DGA will play a crucial role in shaping a low-carbon society and driving the world towards a more environmentally conscious future.
