Green hydrogen investment

Shipbuilding company Fincantieri and renewable energy plant developer Enel Green Power Italia have signed an MoU to research solutions for the production, supply, management and use of green hydrogen for port areas and long-range maritime transport.

Carlo Zorzoli, head of business development for Enel Green Power, said: “The signing of this agreement represents a further step forward in Enel Green Power’s commitment to collaborating with operators interested in developing solutions for the use of green hydrogen in sectors where electrification is not possible, thus contributing to the energy transition process through the decarbonisation of industrial activities.”

Power plant test site

In particular, the two companies will evaluate the possibility of collaborating both in the supply of green hydrogen to naval, submarine and surface vessels, and to industrial users within the port area, including the design and construction of the necessary infrastructure elements, including storage, where necessary; and in the design and development of a system for the management of energy flows, including through the involvement of other companies from the respective groups.

Enel’s Eugenio Montale power plant in La Spezia will be used as an initial test site for the activities covered by the agreement, thus launching a sustainable energy transition path for the site.

Enel Green Power is committed to the creation and development of projects for the production and use of ‘green’ or ‘renewable’ hydrogen, derived from the electrolysis of water powered exclusively by renewable electricity. The Group has therefore started studying new business models that include the supply of green hydrogen for the decarbonization of industrial sectors, with partnerships and projects already being developed in Italy, Chile, the US and Spain.