- Agreement will launch Cepsa’s first renewable hydrogen project, an important milestone towards its 2GW renewable hydrogen ambition by 2030
The companies will collaborate to develop and build initially small scale projects aiming to develop a green hydrogen platform using Ohmium’s advanced modular PEM electrolyzers, with the possibility of providing Cepsa up to 300 MW of installed hydrogen production capacity.
Under the agreement, the two companies will also work together on green hydrogen research and development initiatives.
Commenting on the agreement, Carlos Barrasa, Director of Commercial & Clean Energies at Cepsa, said: “We at Cepsa have many years of experience in the production and handling of energy sources via molecules. As we transition to green hydrogen, this experience gives us a competitive advantage and our collaboration with Ohmium will further enhance the efficiency of the hydrogen production process, key to cost competitiveness, thanks to the company’s novel technology.”
Arne Ballantine, CEO, Ohmium International, continued: “Cepsa is a leader in the energy industry and a truly visionary company. Their Positive Motion plan, which lays out the transition to a greener and more sustainable economy in the Iberian Peninsula, and which includes the development of 2 GW of green hydrogen production in Spain and Portugal by 2030, is proof of that. With this collaboration we are taking an immediate and concrete step towards making that goal a reality.”
The inclusion of bold goals for green hydrogen production in Cepsa’s Positive Motion plan is an explicit acknowledgement that green hydrogen is an ideal way to decarbonize multiple industries, including complex sectors such as heavy transport, aviation, and maritime traffic. Replacing “gray” hydrogen with cost effective renewable hydrogen – no-carbon hydrogen made from water electrolysis using renewable energy sources – will be critical to meet the world’s carbon targets. Further, green hydrogen can directly improve local and regional energy security and independence. Whereas conflicts can disrupt global energy supply chains, green hydrogen can be cost effectively produced locally where the appropriate renewable energy resources are available.