February 10, 2025 [SEFE]- SEFE Securing Energy for Europe has signed a Memorandum of Understanding with the Saudi listed company ACWA Power. ACWA Power is the world’s largest private seawater desalination company, a pioneer in green hydrogen and a leading player in the energy transition. The collaboration aims to produce and supply green hydrogen to Europe and represents a significant step towards strengthening energy cooperation between Saudi Arabia and Germany.
The letter of intent was signed in the presence of Federal Minister of Finance Dr. Jorg Kukies and the Saudi Minister of Energy, HRH Prince Abdulaziz bin Salman. Marco Arcelli, CEO of ACWA Power, and Dr. Egbert Laege, CEO of SEFE, formalized the agreement.
Under the MoU, ACWA Power and SEFE will establish a hydrogen bridge between Saudi Arabia and Germany with the goal of supplying 200,000 tonnes of green hydrogen annually from 2030. ACWA Power will act as a leading developer, investor and operator of green hydrogen and green ammonia production facilities. SEFE will act as a co-investor and lead off-taker, leveraging its position as one of Europe’s largest energy traders to market green hydrogen to German and European customers. This agreement will help meet Germany’s growing demand for green hydrogen while providing a sustainable solution to decarbonise the economy and achieve climate goals.
Dr. Egbert Laege, CEO of SEFE, said: “This partnership reflects our core ambitions: to secure Europe’s energy supply and to be a driver of the energy transition. By expanding our green hydrogen portfolio and investing in local production, SEFE is able to offer solutions that enable our customers to achieve their decarbonization goals.”
Marco Arcelli, CEO of ACWA Power, commented: “This letter of intent with SEFE marks an important milestone in accelerating the green hydrogen economy in Europe. By combining ACWA Power’s proven expertise in green hydrogen production with SEFE’s extensive market experience, we are creating a strong partnership to deliver significant volumes of green hydrogen to Germany and other countries – a significant contribution to global decarbonization efforts.”
With a customer portfolio of 200 terawatt hours per year (TWh/a), SEFE is a strategic partner in the green hydrogen supply chain. The company is actively developing transport and storage infrastructure for hydrogen in Germany. Through its subsidiary GASCADE, SEFE is converting part of its 4,100-kilometer pipeline network for hydrogen transport as part of the FLOW project. SEFE is also building the new AquaDuctus offshore hydrogen pipeline in the North Sea and developing a large-scale storage facility in Jemgum that can store up to 500 gigawatt hours of hydrogen.
The agreement expands ACWA Power’s rapidly growing green hydrogen portfolio. NEOM Green Hydrogen, a joint venture between ACWA Power, Air Products and NEOM, will be the world’s first large-scale green hydrogen plant, producing 1.2 million tonnes of green ammonia per year. In Uzbekistan, ACWA Power is further developing its second green hydrogen project. The first phase will produce 3,000 tonnes of green hydrogen annually, with a planned expansion in the second phase. In addition, ACWA Power has signed letters of intent with Tunisia and Egypt to explore projects to produce and export green hydrogen to Europe via the SoutH2 Corridor.
Free Trial: Access 13,300 Tank Terminal and Production Facilities
13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data
