
Uniper selects Electric Hydrogen’s technology for its 200 Megawatt Green Wilhelmshaven project
18.11.2024 13:00:00 CET | GlobeNewswire by notified | Press release
DEVENS, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Uniper has selected Electric Hydrogen as its exclusive partner to design a 200 megawatt (MW) electrolyzer plant for the large-scale electrolysis within Uniper’s Green Wilhelmshaven project in Northern Germany. Electric Hydrogen began conducting the preliminary front-end engineering design (“pre-FEED”) work for the project in October 2024.
Uniper’s Green Wilhelmshaven project consists of two major systems: large-scale electrolysis, which will produce green hydrogen, and an import terminal for ammonia. The electrolyzer will be built in Wilhelmshaven on the site of Uniper’s former coal-fired power plant. The ammonia import terminal is planned in the immediate vicinity of the first LNG terminal in the north of Wilhelmshaven, which is operated by a Uniper subsidiary.
Together, the two projects could meet a significant quantity of Germany's projected demand for green hydrogen. Both plants will be connected via pipelines to the German hydrogen backbone and to underground storage facilities in northern Germany. With the Green Wilhelmshaven projects, Uniper aims to transform Wilhelmshaven into a central hub for green hydrogen in Germany. This is also confirmed by the “Project of Common Interest” (PCI) status granted to both projects.
The large-scale electrolysis will use renewable electricity from wind farms, creating zero-carbon green hydrogen gas for Uniper’s industrial customers. Green hydrogen plays a critical role in enabling industries like chemicals, steel, marine and air transport to chart a realistic path to carbon neutrality.
Decisive factors in the selection of the electrolysis technology were Electric Hydrogen's advanced proton exchange membrane electrolysis (PEM) technology and the company’s offering of a fully integrated plant design to minimize hydrogen production costs. Electric Hydrogen’s low-cost 100 MW electrolyzer plants are available for deployment in the European Union in 2026.
“We aim to drive the efforts to decarbonize German and European industry. Uniper’s hydrogen project is a cornerstone of our plans to shape the energy transition,” said Susanne Thöle, Director of Hydrogen for Uniper. “We’re excited to begin the pre-FEED work on this project with Electric Hydrogen, in whom we have found a partner who understands our goals and supports our vision. We want to be the most trusted partner for policymakers, industry and society on how to make Europe’s energy supply secure, affordable and steadily greener.”
“Uniper is committed to becoming a leader in low-carbon energy,” said Raffi Garabedian, CEO of Electric Hydrogen. “We’re excited to help them fulfill this mission by bringing our advanced electrolysis technology and low project cost to Wilhelmshaven as their exclusive electrolysis partner. Electric Hydrogen was founded to make the switch from fossil fuels to zero-carbon green hydrogen an economic inevitability. Green Wilhelmshaven is a monumental step toward that goal.”
About Uniper
Düsseldorf-based Uniper is a European energy company with global reach and activities in more than 40 countries. With approximately 7,400 employees, the company makes an important contribution to security of supply in Europe, particularly in its core markets of Germany, the UK, Sweden and the Netherlands.
Uniper’s operations encompass power generation in Europe, global energy trading, and a broad gas portfolio. Uniper procures gas - including liquefied natural gas (LNG) - and other energy sources on global markets. The company owns and operates gas storage facilities with a total capacity of more than 7 billion cubic meters.
Uniper intends to be completely carbon-neutral by 2040. Uniper aims for its installed power generating capacity to be more than 80% zero-carbon by the early 2030s. To achieve this, the company is transforming its power plants and facilities and investing in flexible, dispatchable power generating units. Uniper is already one of Europe’s largest operators of hydropower plants and is helping further expand solar and wind power, which are essential for a more sustainable and secure future. The company is progressively expanding its gas portfolio to include green gases like hydrogen and biomethane and aims to convert to these gases over the long term.
Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply.
About Electric Hydrogen
Electric Hydrogen manufactures, delivers and commissions the world’s most powerful electrolyzers for critical industries to produce the lowest cost electrolytic hydrogen. The company’s complete 100 MW plant includes all system components required to turn water and electricity into hydrogen, including power conversion, gas processing, water treatment and thermal management. Electric Hydrogen’s advanced proton exchange membrane electrolysis (PEM) technology helps critical industries achieve their climate and energy security objectives by making electrolytic hydrogen an economic inevitability. Electric Hydrogen has a team of more than 300 people with operations in California and Massachusetts. The company was founded in 2020 and has secured more than $750M in financing to date.
CONTACT
Uniper SE
Julia Grebe
Head of Stakeholder-Management North-Germany
T +49 170 / 715 95 05
julia.grebe@uniper.energy
Electric Hydrogen
Liam Sullivan
electrichydrogen@v2comms.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86b53a73-e5cc-4038-9481-830e9b1dbefd
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin