Australian company H2U has partnered with German-based multinational utility RWE Supply & Trading to develop hydrogen solutions for the European market.
A Memorandum of Understanding signed by the two companies will enable hydrogen trading between Australia and Germany.
Hydrogen produced in Australia will be brought to Europe to meet growing demand. This is in line with the objective of HySupply, a 24-month German-Australian feasibility study started in December by the German Academy of Science and Engineering and the Federation of German Industries.
RWE Supply and Trading plans to use an LNG terminal it will build in Brunsbüttel as a storage facility for the imported hydrogen.
H2U has developed several hydrogen projects in Australia and New Zealand such as the Eyre Peninsula Gateway Project. The company plans to build a 75 MW electrolysis plant in South Australia to supply 40,000 tonnes of ammonia annually.
In the second phase of expansion throughout the 2020’s, H2U wants to extend the capacity to 1.5 GW of electrolysis.
Javier Moret, global head of LNG at RWE Supply & Trading, said: “H2 is the perfect long-term solution to decarbonise industry, aviation and the transport of heavy goods.
“Australia is one of the countries that has excellent conditions to produce green hydrogen – low cost of production and a stable framework.
“As a globally active trader of commodities, we have a lot of experience with shipping energy carriers – including Australian LNG – around the globe and see ourselves as a facilitator for global hydrogen trading. “
H2U’s chief executive, Dr Attilio Pigneri, addeds: “We see the trading of green hydrogen to Europe being fully decarbonised using green ammonia as the shipping fuel of the future. We see a strong future for green hydrogen as the decarbonising energy in power grids, gas grids, mobility and industry.”