Latvenergo and H2Pro Partner to Revolutionize Green Hydrogen Production in Latvia
Key Ideas
  • Latvenergo and H2Pro signed an MOU to explore deploying H2Pro's decoupled electrolysis technology in Latvia, aiming to accelerate green hydrogen adoption.
  • The collaboration will involve piloting an electrolyzer in Latvenergo's energy infrastructure and integrating with renewable sources like wind and solar.
  • H2Pro's CEO highlighted Latvia's diverse renewable portfolio as an ideal testing ground, emphasizing the goal of creating a cost-effective green hydrogen economy.
  • The Latvian Ministry of Economy expressed strong support for the initiative, emphasizing the strategic importance of Israeli-Latvian cooperation in clean energy.
Latvenergo, Latvia's national electricity company, and H2Pro, an Israeli innovator in green hydrogen production, have signed a Memorandum of Understanding to explore the deployment of H2Pro's decoupled electrolysis technology in Latvia. This partnership aims to accelerate the use of green hydrogen as a tool for industrial decarbonization and energy security. The agreement includes reviewing the feasibility of piloting an electrolyzer in Latvenergo's energy infrastructure and integrating the technology with Latvia's renewable energy sources. H2Pro's CEO emphasized the efficiency of their technology and the potential for a scalable green hydrogen economy. The Latvian Ministry of Economy expressed strong support for the collaboration, highlighting the importance of Israeli-Latvian cooperation in clean energy. H2Pro, headquartered in Israel, has raised over $100 million and is backed by notable investors. Latvenergo, on the other hand, is a major energy provider in the Baltic states with a focus on renewable energy generation. The partnership between Latvenergo and H2Pro signifies a step towards innovation and sustainability in the energy sector, with a shared vision of advancing green hydrogen production in Latvia.
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