In the pursuit of a cleaner energy future, the Dominican Republic (DR) is delving into the potential of green hydrogen, an eco-friendly alternative to conventional fuels.
Italian company EN.IT stands at the forefront, expressing a keen interest in contributing to the DR’s burgeoning green hydrogen industry with a renewable hydrogen project of 350MW, powered by wind and solar energy in La Romana (DR).
With a notable track record in Italy and Brazil, EN.IT is actively engaged in constructing a photovoltaic park in La Romana, showcasing a dedicated commitment to advancing renewable energy initiatives within the DR.
Studies by the German Agency for International Cooperation (GIZ) and the National Council for Climate Change and Clean Development Mechanism (CNCCMDL) delve into the economic feasibility of local green hydrogen production. Estimated production costs per kilogram range between $4.35 and just over $12, with sensitivity to factors like renewable energy prices and power plant efficiency.
However, creating a local market for green hydrogen is going to face hurdles, primarily driven by high renewable energy prices. Experts, in fact, emphasize the need for renewable energy cost to drop to less than three cents per kilowatt-hour for economic viability.
EN.IT’s involvement underscores the global significance of green hydrogen as a clean energy source. Collaborative efforts between EN.IT and the Ministry of Energy and Mines, along with GIZ, are shaping a National Renewable Hydrogen Strategy to guide the country’s entry into the sector.
“Our goal remains unchanged.” says Mattia D’Amato, Managing Director of EN.IT SpA. “The opportunities opened up by hydrogen production technologies are immense. With the ongoing advancements in renewable energy research, strengthened regulations, and increased investments, we can only expect these technologies to become more prominent in the near future. Green Hydrogen is poised to become one of the most valuable sources of renewable energy in the next 30 years. Seizing its potential right now is the first step in laying the foundations for a global green economy.”
EN.IT’s participation highlights the country’s commitment to diversifying its energy mix and reducing dependence on fossil fuels. The renewable hydrogen project in La Romana will provide an estimated production of 46,000 t/yr, and will target export, EN.IT said. The company expects to reach final investment decision (FID) on the project in 2026 and start commercial operations toward the end of 2028.
“It’s a wonderful country rich in natural resources.” Continues D’Amato referring to the Dominican Republic. “The ongoing project is just a glimpse of the potential it has to offer. Hopefully, the economic and social boost resulting from this transformation will reverberate to other regions of the world where the commitment to renewables is not as developed as it should be.”