Enel Green Power S.p.A. (EGP) and Fortescue Future Industries (FFI) announced a partnership to explore the co-development of the green hydrogen value chain, with an initial focus on Australia and Latin America.
FFI and EGP agree on the critical role of green hydrogen in decarbonising hard-to-abate sectors such as fertilisers, other chemicals, steel manufacturing, shipping, and aviation, where hydrogen is used as a feedstock or to generate high-temperature heat and where CO2 emissions reduction through electrification is either impossible or difficult. Through this agreement, the companies hope to make green hydrogen cost-competitive with fossil-fuel-based alternatives by the decade’s end.
“We strongly believe that in the near future green hydrogen can play a strategic role in the decarbonization of global energy systems, complementing direct electrification. This collaboration with a partner such as FFI fully fits within Enel’s hydrogen strategy to reduce the green hydrogen production cost, through the scale-up of technology and through innovative solutions,” Enel Green Power CEO Salvatore Bernabei said.
FFI CEO Mark Hutchinson stated that the partnership is a significant development that comes at a critical juncture in the energy industry.
“As winter approaches, and energy costs continue to skyrocket, competitive green energy costs have never been more needed. Green hydrogen and green ammonia are part of the solution for not only energy security and lower energy costs, but also for fighting climate change. With a strong proven record and dedication in green energy, Enel is the perfect partner to work with to make a green future a reality,” Hutchinson added.
The announcement of this alliance will aid FFI and EGP in achieving their objectives to promote energy security, diversify future energy supplies, and aid the global effort to reduce emissions and combat climate change. By working together, FFI and EGP will have a framework to find and evaluate potential green hydrogen/ammonia initiatives.
The agreement represents a significant turning point for the two partners as they work to expand their large-scale production facilities for green hydrogen and green ammonia in Australia and Latin America.
According to EGP, as opposed to hydrogen produced using fossil fuels, green hydrogen does not emit any CO2 throughout manufacturing, making it the only kind of hydrogen that is sustainable. It is a doable and practical solution that has the potential to transform the energy business by assisting in the decarbonisation of heavy industries and job growth on a worldwide scale. Ammonia, a hydrogen-based substance, can be utilised to transport and store hydrogen more efficiently, lowering necessary volumes. It is one of the most widely utilised chemical feedstocks for fertiliser production. Decarbonisation of the transportation and fertiliser industries is possible with green ammonia.
 and Fortescue Future Industries (FFI) announced a partnership to explore the co-development of the green hydrogen value chain, with an initial focus on Australia and Latin America.){kind=link}
