- H2Pro Ltd. and Sumitomo Corp. have signed MoU under which they will work together to pilot the electrolyser technology.
- The electrolysers from H2Pro are intended to be principally used by Sumitomo for the generation of green ammonia.
H2Pro Ltd. and Japanese conglomerate Sumitomo Corp. have signed a memorandum of understanding (MoU) under which they will work together to pilot the electrolyser technology developed by the Israeli cleantech company and maybe to deploy hundreds of megawatts of capacity in the future.
More specifically, the collaboration may result in the installation of up to 500 MW of electrolysers from H2Pro by 2030, bringing in an estimated $250 million in income.
According to a press statement from earlier this month, Sumitomo and its partners will help H2Pro test its technology and provide it with manufacturing tools. In exchange, the Japanese organization will obtain information to support the strategic planning for its backlog of projects involving green hydrogen.
The electrolysers from H2Pro are intended to be principally used by Sumitomo for the generation of green ammonia. Using the technology will enable it to produce several hundred tonnes of green hydrogen every day by the second part of the decade.
H2Pro, a Caesarea-based company, is creating a green hydrogen generation process that varies from conventional electrolysis. It is supported by Sumitomo and Bill Gates’ climate fund, among others. This technique, called E-TAC (Electrochemical – Thermally Activated Chemical), divides water into hydrogen and oxygen in two independent processes using electricity. The system doesn’t need an expensive membrane and uses much less power due to the time-separating generation.