Chile's Ambitious Plan to Boost Hydrogen Manufacturing
Key Ideas
- Chile plans to financially support hydrogen electrolyser and component manufacturers with up to $10m to establish factories in the country.
- State-owned Production Development Corporation (CORFO) is offering co-financing of up to 60% for projects, expecting plants to commence operations within five years.
- The initiative aims to position Chile as a key player in the global green hydrogen market, with a target of installing 12.8GW of electrolysis capacity by 2030.
- Additionally, a Technological Center for Innovation in Green Hydrogen will be established in Magallanes to drive the adoption and development of hydrogen technologies.
Chile is strategically investing in the future of green energy by supporting hydrogen electrolyser and component manufacturers with up to $10m to build factories within the nation. The state-owned Production Development Corporation (CORFO) has initiated a call for proposals to establish electrolyser factories and assembly plants, with a focus on projects ranging from 500MW to 1GW in annual production capacity. In an effort to accelerate the development of a local hydrogen industry, CORFO will provide financial assistance of up to 60% for each project, capped at $10m, primarily funded through the organization's lithium assets. Companies interested in this opportunity will need to conduct feasibility studies, environmental impact assessments, and identify supply chains and potential customers. The long-term goal is to see these factories operational within five years, contributing to Chile's ambition to become a significant player in the global green hydrogen market. Notably, the country aims to install 12.8GW of electrolysis capacity in specific regions by 2030. Furthermore, CORFO plans to establish a Technological Center for Innovation in Green Hydrogen in Magallanes to drive research, pilot projects, and skill development in the hydrogen sector. This initiative underscores Chile's commitment to technological innovation, economic growth, and sustainability, positioning the country at the forefront of the clean energy transition.