Green Hydrogen NewsGreen Hydrogen News
    Facebook Twitter Instagram
    Trending
    • Cepsa and Ibereólica Unite to Fuel Andalusia’s Renewable Energy Growth
    • Rio Grande do Sul’s Partners with EN.IT to Develop Wind Farm for Hydrogen Production
    • BalticSeaH2 Project to Energize the Baltic Sea Region
    • Europe’s Auction to Drive Renewable Hydrogen Production
    • MoIAT, ADNOC, John Cockerill and Strata Collaborate on Green Hydrogen
    • Luxembourg and Portugal Unite for Renewable Hydrogen Corridor
    • Ohmium and NTPC Forge Path to Green Hydrogen Revolution in India
    • L&T Takes Center Stage in NEOM’s Ambitious Green Hydrogen Endeavor
    LinkedIn Twitter YouTube Facebook
    Green Hydrogen NewsGreen Hydrogen News
    • NEWS
      • Authorities
      • Blitz
      • Breaking News
      • Finance
      • Jobs
      • H2 Plant
      • Politics
      • Press Release
      • Sponsored
      • Stock
      • Tenders
      • Video
    • HYDROGEN
      • Aviation
      • Electrolyzers
      • Fuel Cells
      • Green Hydrogen
      • Hydrail
      • Innovation
      • Pipelines
      • Projects
      • Stations
      • Storage
      • Technology
      • Vehicles
    • SPOTLIGHT
      • Analysis
      • Interviews
      • Podcast
      • Research
      • Reviews
      • Specials
      • Webinars
    • REGIONAL
      • Africa
      • Americas
      • Asia
      • Europe
      • Middle east
      • Pacific
    • CONTACT
    • ADVERTIZE
    • SUBSCRIBE
    Green Hydrogen NewsGreen Hydrogen News
    Home»HYDROGEN»Green Hydrogen»Nordex starts early initiatives in green hydrogen; forms JVs with Acciona and Sodena
    Nordex starts early initiatives in green hydrogen; forms JVs with Acciona and Sodena

    Nordex starts early initiatives in green hydrogen; forms JVs with Acciona and Sodena

    Anela DoksoBy Anela Dokso31/03/20232 Mins Read
    Share
    LinkedIn Twitter Facebook Email WhatsApp Telegram

    Early endeavours in the market for green hydrogen have been made by Nordex Group.

    The Group has recently formed two strategic joint ventures, the first for the production of electrolyzers, a vital part of producing green hydrogen, and the second for the development of substantial green hydrogen assets.

    Over the next thirty years, experts predict that the need for hydrogen will increase exponentially by about 700 percent. The majority of this must come from clean sources if we are to reach the goal of net zero by 2050.

    Partnership with Acciona

    Nordex H2 S.L., a joint venture with Acciona, will create green hydrogen projects in regions with an abundance of onshore wind resources. These resources can be found in places where green hydrogen can be produced at a competitive price but are not connected to traditional electrical grids. The Nordex Group has developed an appealing pipeline of green hydrogen projects across fascinating locations, such as in the United States and Latin America, supported by the company’s prior project development expertise in wind.

    For EUR 68 million, ACCIONA acquired a 50% stake in this new Nordex Group business, which was split equally between ACCIONA S.A. and ACCIONA Energa—to finance the company’s future growth and development.

    The joint venture wants to create projects that will generate 0.5 million tonnes of green hydrogen yearly within the next ten years, with a target renewable energy development pipeline of 50 GW. By 2027, the first projects would be prepared for construction.

    Each project will be implemented through strategic alliances with other public and private businesses and organisations interested in the mass production or consumption of green hydrogen, with a minimum size requirement of 1 GW of installed renewable energy.

    Partnership with Sodena

    The second project, called “Nordex Electrolyzers,” attempts to create, produce, and sell electrolyzers using unique technology. During the next five years, this initiative will receive EUR 15 million from the Nordex Group and Sodena, a publicly traded corporation owned by the Government of Navarra, in order to support the creation of a commercial prototype and its initial industrial deployment. The need for electrolyzers is predicted by experts to increase from a very small capacity base today to 400 GW by 2030.

    green hydrogen hydrogen
    Share. LinkedIn Twitter Facebook Email

    Related Posts

    Cepsa and Ibereólica Unite to Fuel Andalusia’s Renewable Energy Growth

    01/06/2023

    Rio Grande do Sul’s Partners with EN.IT to Develop Wind Farm for Hydrogen Production

    01/06/2023

    BalticSeaH2 Project to Energize the Baltic Sea Region

    01/06/2023

    Europe’s Auction to Drive Renewable Hydrogen Production

    01/06/2023

    MoIAT, ADNOC, John Cockerill and Strata Collaborate on Green Hydrogen

    01/06/2023

    Luxembourg and Portugal Unite for Renewable Hydrogen Corridor

    01/06/2023

    Cepsa and Ibereólica Unite to Fuel Andalusia’s Renewable Energy Growth

    01/06/2023

    Rio Grande do Sul’s Partners with EN.IT to Develop Wind Farm for Hydrogen Production

    01/06/2023

    BalticSeaH2 Project to Energize the Baltic Sea Region

    01/06/2023

    Europe’s Auction to Drive Renewable Hydrogen Production

    01/06/2023

    Subscribe to Updates

    Get the latest news from the hydrogen market subscribe to our newsletter.

    Final Transparent Green Logo (horizontal)-desktop version (RGB)
    LinkedIn Twitter Facebook YouTube

    News

    • Inteviews
    • Webinars
    • Hydrogen
    • Spotlight
    • Regional

    Company

    • Information
    • Advertising
    • Media Kits
    • Contact Info
    • GDPR Policy

    Subscriptions

    • Subscribe
    • Newsletters
    • Sponsored News

    Subscribe to Updates

    Get the latest news from EnergyNewsBiz about hydrogen.

    © 2023 EnergyNews.biz
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.