Global Energy Ventures inks MOU with IFL for hydrogen projects in Europe and Australia

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Australia-based Global Energy Ventures (GEV) has entered into a Memorandum of Understanding (MOU) with Germany’s ILF Beratend Ingenieure GmbH (ILF) to identify and develop green hydrogen projects in Europe and Australia which will include GEV’s compressed hydrogen (C-H2) shipping solution.

GEV is an energy transition company that provides compressed shipping solutions for transporting energy to regional markets. Last year, the company introduced the world’s first large-scale C-H2 ship and positioned itself as an early mover to fast track the marine transport of hydrogen.

Under the terms of the MOU – which is valid until 31 December 2022 – the two parties will cooperate and explore renewable project opportunities regarding the full hydrogen value chain employing GEV’s C-H2 ship and supply chain in Europe and Australia.

GEV Managing Director Martin Carolan said the MOU provides the company with access to the fast-developing hydrogen economy in Europe, where up to 85% of the world’s proposed green hydrogen projects are located.

“GEV has identified Europe as a key market for the company’s C-H2 shipping and supply chain with the renewable energy sector growing at a rapid rate for some years and the transport of green hydrogen using compression highly suitable given the short to medium distances to future demand centres such as Germany,” Mr Carolan noted.

“The MOU with ILF will establish GEV’s launch into Europe with one of the world’s leading engineering firms with expertise in the design and implementation of green hydrogen projects.

“ILF’s experience in hydrogen, strong reputation in project delivery and long-standing relationships will be beneficial to GEV in Europe while we will also look to ILF’s expertise across the value chain for hydrogen projects in Australia.”

ILF is an international engineering and consulting firm that offers solutions for a large spectrum of hydrogen-related projects. The company’s engineering expertise covers the hydrogen value chain from renewables, water supply down to hydrogen production, transportation and storage.

Jens Kottsieper, ILF Business Development Manager, said the company sees Australia as ‘an important supplier of green hydrogen’.

“We also recognise the need for shipping of hydrogen into Europe given the need for large quantities,” he continued.

“Transporting large quantities of gases has been a topic that has kept us busy for over 50 years.

“We are glad to be able to complement our pipeline and hydrogen expertise with GEV’s expertise in low-cost transport by ship.

Image credit: https://gev.com/hydrogen/