Australia-based Global Energy Ventures (GEV) and German engineering firm ILF Beratend Ingenieure (ILF) have executed a MoU for the identification and development of green hydrogen projects in Europe and Australia.
Suitable projects could be include both onshore and offshore applications for their compressed hydrogen (C-H2) shipping solution.
ILF’s engineering expertise covers the hydrogen value chain from renewables, water supply down to hydrogen production, transportation and storage and offers solutions for a large spectrum of hydrogen- related projects.
The MOU provides GEV with access to the fast-developing hydrogen economy in Europe, leading the world with clean energy policy, incentive schemes, deep pools of ESG financing, production and centres of hydrogen demand.
Up to 85% of the world’s proposed green hydrogen projects are in Europe, with a pipeline of over 9GW in Germany, 6GW in the Netherlands, and 4GW in the UK, all scheduled to be operational by 2030
GEV managing director Martin Carolan said: "GEV has identified Europe as a key market for the company’s C-H2 shipping and supply chain with the renewable energy sector growing at a rapid rate for some years and the transport of green hydrogen using compression highly suitable given the short to medium distances to future demand centres such as Germany.
"The MOU with ILF will establish GEV’s launch into Europe with one of the world’s leading engineering firms with expertise in the design and implementation of green hydrogen projects.
"ILF’s experience in hydrogen, strong reputation in project delivery and long-standing relationships will be beneficial to GEV in Europe while we will also look to ILF’s expertise across the value chain for hydrogen projects in Australia."
ILF business development manager Jens Kottsieper said: "ILF sees Australia as an important supplier of green hydrogen, and we look forward to applying our expertise across the value chain.
"We also recognise the need for shipping of hydrogen into Europe given the need for large quantities.
"Transporting large quantities of gases has been a topic that has kept us busy for over 50 years.
"We are glad to be able to complement our pipeline and hydrogen expertise with GEV's expertise in low-cost transport by ship.
"The cooperation with GEV allows us to advise our customers even more comprehensively on their transport issues in order to develop a solution that fits their specific requirements.
"ILF is competent in consulting, engineering and project management; GEV is competent in project implementation.
"With our joint support, gas really does flow."
