Taking an innovative approach to raising fresh capital, Enapter, an electrolyzer manufacturer based in Pisa, Italy, has launched an equity crowdfunding campaign. In late March, it began offering shares for only a few hundred euros, promising investors dividend payments over a period of five years. Germany’s financial services regulator BaFin greenlighted the investment strategy in spring, the company said.
A key objective in Germany’s hydrogen strategy is to create international partnerships with green hydrogen exporters. To this end, Gerd Müller, the German minister for international development, recently signed a cooperation agreement with one of the Maghreb countries, announcing: “Together with Morocco, we are developing the first industrial system to generate green hydrogen in Africa.
In late May, transmission network operator Open Grid Europe (OGE) formed a joint venture with TÜV Süd and Horváth & Partners to “provide a path to a hydrogen economy.” During the startup online video call, the united front of chief executives confirmed their intention to explore new markets and bring their expert knowledge in hydrogen technology to industrial, logistics and transportation companies to allow them to draw on this valuable resource.
Hydrogen is considered the ideal raw material for a sustainable energy market transformation. However, some questions still await answers. Where will we get our hydrogen? Will we use the gray, blue, turquoise or green variant in the distant and not-so-distant future? Green hydrogen is produced using renewable energy sources and often generated via water electrolysis.
When it comes to electricity generated from pure hydrogen, there’s good news: The Los Angeles Department of Water and Power has reached an agreement with authorities in Utah to buy much of the output from the Intermountain Power Project, which will produce green hydrogen from wind and solar.
All the signs point in the right direction for this to work: For starters, Los Angeles is going all-green by 2045 and it is already getting some of its electricity from this Utah-based 1,800-megawatt coal power plant.
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