H2-Industries and the Terra Sola Group, a Swiss company, have signed a memorandum of understanding to supply green energy to numerous African nations.
With the relevant government authorities of the target markets, several project ideas are currently in the final phases of discussion. The first project is scheduled for implementation in Q1 2023. With the help of H2-Industries’ liquid organic hydrogen carriers (LOHC) technology, Terra Sola will be able to create large-scale integrated solar energy programs that are specifically tailored for certain African nations.
These programs will offer technological solutions for the storage and release of electrical power for export, use as a local industrial feedstock, grid stabilization, and/or off-grid power availability.
The multi-million dollar partnership aims to hasten the electrification of local industry, encourage the use of renewable energy sources, and advance socioeconomic development in these chosen nations.