September 11, 2024 [Storage Terminals Magazine]- Tree Energy Solutions and ZEG Power have signed a Letter of Intent to jointly explore opportunities for green hydrogen production in Germany. The collaboration aims to accelerate the transition to a sustainable energy future by integrating ZEG’s novel green hydrogen production technology with carbon capture.
As part of the agreement, TES has commissioned ZEG to conduct a feasibility study to assess the viability of implementing ZEG’s technology. The study will evaluate the technical, economic, and environmental aspects of deploying an initial demonstration plant, paving the way for potential large-scale deployment of the technology in Germany.
Jens Schmidt, chief technology officer of TES, commented, “This initiative aligns with TES’ aim to democratise access to reliable and affordable green energy through existing infrastructure to end-customers. The partnership with ZEG marks the beginning of a collaborative effort to advance decentralised green hydrogen production from e-NG while capturing the CO2.”
Arild Selvig, chief executive officer of ZEG, added, “We are thrilled to partner with TES to explore clean hydrogen production opportunities in Germany. The ZEG technology can significantly reduce carbon emissions and costs, contributing to a more sustainable energy mix. This collaboration aligns perfectly with our mission to empower the world with clean energy.”
The feasibility study is set to begin in September 2024, with results expected within the following six months. If successful, the deployment of ZEG’s technology in Germany could represent a significant milestone in the transition to a hydrogen-based economy, supporting both companies’ goals of advancing sustainable energy solutions and reducing carbon emissions.
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