Reuters: Energy groups launch two green hydrogen projects in Italy
Energy groups launch two green hydrogen projects in Italy
Reuters
December 12, 202312:30 PM EST
MILAN, Dec 12 (Reuters) - Four energy companies announced on Tuesday two separate green hydrogen projects in Italy as they move to offer clean fuels to their customers and take advantage of money coming from the European Union's post-pandemic recovery fund.
Italian gas grid operator Snam (SRG.MI) and utility Hera (HRA.MI) said they had signed an agreement to develop a green hydrogen production site near the northern city of Modena.
The 20 million euro ($21.6 million) project led by Snam and Hera involves setting up a photovoltaic plant that will supply green energy to an electrolyser to produce hydrogen from water. At full capacity it will make 400 tonnes a year of green fuel.
The project involving Engie and SGI also plans to start producing in 2026 and reach a capacity of 400 million tonnes of hydrogen per year, the groups said. It will cost 20 million euros, of which 9.5 million euros will be coming from public funds.