Green Energy Park, an energy startup based in Sao Paulo, has recently achieved a milestone in its journey toward establishing one of the world’s largest hydrogen production plants.
The company’s recent achievement includes securing a definitive agreement for a $30 million Series A financing round, spearheaded by venture capital firm Investe Piaui. This milestone underscores the strong interest from a diverse range of strategic partners, global buyers, and financial institutions in supporting the development of large-scale hydrogen production facilities in Brazil.
Founded in 2023, Green Energy Park (GEP) is on a mission to implement one of the largest climate impact projects worldwide. With a focus on producing renewable hydrogen in cost-competitive locations, GEP aims to address the decarbonization challenges faced by hard-to-cut sectors of the economy, particularly in northeastern Brazil.
Green Energy Park’s flagship project, Green Energy Park Piaui, is poised to become a pioneering hydrogen production facility with a target capacity of 10.8 GW of electrolysis. The integrated production facilities boast advanced process engineering designs, particularly in liquefied natural gas and ammonia sectors, showcasing the company’s expertise in cryogenic gas handling and storage.
To maintain cost leadership in renewable hydrogen production, Green Energy Park leverages world-class renewable electricity inputs to power next-generation electrolyzer technologies. By deploying purpose-built, standardized production infrastructure, the company aims to offer a cost-effective solution to global energy users seeking to decarbonize their operations.
Green Energy Park collaborates closely with energy users worldwide, offering a vertically integrated hydrogen supply chain solution. By partnering with a diverse range of stakeholders, the company seeks to accelerate the adoption of renewable energy and drive meaningful progress toward a sustainable, decarbonized future.
