Israel's H2Pro and Morroco's Gaia Energy Sign Green Hydrogen Agreement
Deal valued at potentially hundreds of millions of dollars for co-development of gigawatt-scale green hydrogen project
Israeli company H2Pro and Moroccan renewable energy developer Gaia Energy announced the signing of a strategic agreement at UN Climate Conference (COP27) for co-development of Gigawatt-scale green hydrogen project.
Hydrogen power is harvested by separating and reuniting the elements that make up water through a process that uses electrolysis. Hydrogen is green when the energy used to power the electrolyzers comes from renewable sources.
H2Pro is the commercial arm of an innovation developed by the Grand Technion Energy Program at the Technion – Israel Institute of Technology in Haifa, in northern Israel. The company developed a system called E-TAC (Electrochemical – Thermally Activated Chemical) that separates hydrogen from oxygen in several steps in a technique that uses electricity more efficiently.
H2Pro CEO Talmon Marco said this was by far the biggest commercial deal for the company to date.
Gaia Energy is a leader in renewable energy, working with large utilities, national grid operators and governments to help power Africa with renewable energy. It has six gigawatts of projects under development, and has plans for a further seven projects with a total capacity of 40 gigawatts across the continent.
The agreement signifies a major win for the future of the MENA region as a green hydrogen hub, regional cooperation, and Israeli-Moroccan relations.