Impsa enters green hydrogen market with million-dollar investment

IMPSA has been awarded the provision of 17 masts and wind measurement instruments by the Australian company Fortescue Future Industries (FFI) for its first and largest green hydrogen project in Argentina, which will be erected in the province of Río Negro.

The masts, which will be used solely for evaluation reasons, represent the start of the Australian group’s investment in the country and establish IMPSA as a critical player in the project’s development.

FFI announced an investment of 8.4 billion dollars in this project in November 2021, during the United Nations Climate Change Conference in Glasgow (COP26). The project aims to produce 2.2 million tons of green hydrogen.

Three wind farms with a combined capacity of 2000 MW will be erected in Rio Negro to generate the energy required for the manufacturing of green hydrogen. The masts provided by IMPSA will enable the company to collect all of the essential data for determining the quality and strength of the winds, which are critical factors in determining the site of wind farms.

FFI is a subsidiary of the Australian mining corporation Fortescue Metals Group, which is the world’s fourth largest producer of iron ore. The company selected IMPSA as a key supplier for Argentina’s first green hydrogen project, which aims to increase investment, exports, and job prospects.

This grant establishes IMPSA as a vital player in the development of the largest international productive investment announced in the country in recent years.

IMPSA is the result of over a century of work and effort in an industrial Argentina that generates added value, exports 85 percent of its output to Asia, Europe, Africa, and the Americas, and directly employs 720 highly qualified individuals and over 100 national SMEs.

Its technological advancements are known across the world, since it is the only company in America and one of just four in the Western Hemisphere with the capability to design and manufacture equipment for big hydroelectric power plants. It has built and constructed over 200 turbines that are now used to generate electricity in 40 nations.

It is currently engaged in the design and manufacture of new turbines for the Yacyretá Hydroelectric Power Plant, wind turbines for Parque Arauco (La Rioja), equipment for the El Tambolar Hydroelectric Power Plant (San Juan), equipment for YPF, and the manufacture of Argentina’s first nuclear reactor for power generation, the CAREM.