(TN) Australian renewable green energy developer Fortescue Future Industries (FFI) and Enel’s global renewable energy arm, Enel Green Power S.p.A. (EGP), today announced that they will partner to explore the co-development of the green hydrogen value chain, with an initial focus on Latin America and Australia.
FFI and EGP share a common view on the key role of green hydrogen in decarbonizing hard-to-reduce sectors such as fertilizers, other chemicals, steel manufacturing, transportation and aviation, where hydrogen is used as a feedstock or to generate heat from high temperature, and where the reduction of CO2 emissions with electrification is not possible or is more complex. The companies, through this collaboration, aim to make green hydrogen cost-competitive with fossil fuel-based alternatives during this decade.
Enel Green Power CEO Salvatore Bernabei said: “We firmly 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 like FFI fits fully into Enel’s hydrogen strategy to reduce the cost of producing green hydrogen through scaling up technology and innovative solutions.”
FFI CEO Mark Hutchinson (pictured) said: “This exciting announcement comes at a critical time in energy. As winter approaches and energy costs continue to skyrocket, competitive green energy costs have never been more necessary. Green hydrogen and green ammonia are part of the solution not only to energy security and lower energy costs, but also to combating climate change. With a strong proven track record and dedication to green energy, Enel is the perfect partner to work with to make a green future a reality.”
Announcing this partnership will support the FFI and EGP in their goals to not only diversify future energy supplies and increase energy security, but also help the world in its fight to reduce emissions and combat climate change. The collaboration aims to establish a framework for FFI and EGP to identify and evaluate potential green hydrogen/ammonia projects.
The partnership represents an important milestone for the two partners as they seek to bring even more large-scale green hydrogen and green ammonia production sites to Latin America as well as Australia.
Green hydrogen is the only sustainable type of hydrogen as it does not emit CO2 during the overall production process, unlike fossil fuel-based hydrogen. It is a practical and implementable solution that can help revolutionize the energy sector, helping to decarbonize heavy industry and create jobs globally. Ammonia, which is a hydrogen-based compound, can be used to transport and store hydrogen more effectively, reducing the volumes required. It is one of the most common chemical raw materials used to produce fertilizers. Green ammonia can be used to decarbonize the fertilizer and transportation industries.
Brazil Energy Insight 
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