Axpo Holding AG, a leading Swiss renewable energy producer and trader, has sealed a landmark agreement with Western Australia-based Infinite Green Energy (IGE) for the collaborative development of a 30-megawatt (MW) green hydrogen project in Italy.
The strategic partnership, delineated in the agreement between the two entities, lays out key terms and milestones crucial for progressing towards a final investment decision (FID) for the Valle Peligna Hydrogen Project located in Abruzzo.
See also:Â Snam Initiates Market Test for Hydrogen Demand and CO2 Transport/Storage in Italy
Planned to be situated within the industrial precinct of the Abruzzo municipality of Corfinio, the envisioned facility will be powered by a 45-MW solar park, fueling a 30-MW electrolyser aimed at producing approximately 4,200 tonnes of hydrogen annually.
The primary objective of the project is to commence supplying green hydrogen to hard-to-abate industrial sectors and mobility applications within the region by the latter half of 2025. Moreover, there are discussions about incorporating a refuelling station and potentially expanding the project's reach to the Trans-European Transport Network (T-ETN).
enerated by this innovative hub, highlighting the growing demand for sustainable energy solutions across various sectors.
The collaboration between Axpo Holding AG and Infinite Green Energy signifies a significant stride towards advancing green hydrogen initiatives in Europe, underscoring the pivotal role of partnerships in driving forward the transition towards a low-carbon economy.
