United H2 Limited's Strategic Partnership for Green Hydrogen Expansion in Latin America
Key Ideas
- United H2 Limited partners with GreenH2 LATAM to develop hydrogen projects in Latin America and Europe.
- The agreement grants UHL a 25% stake in GreenH2 LATAM, providing access to land for green hydrogen plants and waste-to-energy facilities.
- The focus is on showcasing hydrogen technologies, developing solar farms, and pursuing opportunities in Mexico and Colombia.
- Both companies aim to create a hydrogen ecosystem in the region, with potential for significant economic and environmental benefits.
United H2 Limited has formed a joint venture with GreenH2 LATAM, a move that aims to advance hydrogen production and technology adoption in Latin America and Europe. This partnership includes GreenH2 LATAM showcasing Alpha H2 hydrogen injection kits in the region, with substantial orders expected in 2025. Additionally, UHL will gain a 25% stake in GreenH2 LATAM, providing access to 70 hectares of land for green hydrogen plants and waste-to-energy facilities. Collaborative efforts are already underway to develop a 15MW solar farm and a 5MW hydrogen production facility in Mexico, with further projects planned in Colombia. The partnership is also exploring opportunities with potential customers for hydrogen vehicles. Both companies are optimistic about the region's potential and emphasize the importance of building a sustainable hydrogen ecosystem through partnerships with governments and businesses. Notably, the development of green hydrogen in Brazil is projected to become cost-competitive, ranging from $2.70 to $5.60 by 2030. This initiative aligns with Latin America's increasing focus on renewable energy, as highlighted by substantial investments in green hydrogen projects across various countries. The region's significant growth in renewable energy investments and political initiatives to promote sustainable development further support the transition towards green hydrogen.
Topics
Production
Renewable Energy
Sustainable Development
Renewable Resources
Technology Showcase
Business Partnership
Latin America
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