TE H2 a joint-venture formed between TotalEnergies (Paris: TTE) (LSE: TTE) (NYSE: TTE) and EREN Groupe, in partnership with VERBUND, which is the leading electricity company in Austria, have just signed a Memorandum of Understanding with Tunisia to study implementing a massive green hydrogen project dubbed “H2 Notos” for exporting to the Central Europe through pipelines.
Moreover, this mega project is expected to have access to European Market through the “SoutH2 Corridor”, a hydrogen pipeline project linking North Africa to Europe’s Italy, Austria, and Germany, which is foreseen to be commissioned around the year 2030.
Capacity of H2 Notos
The H2 Notos project has an aim of producing green hydrogen using electrolysers powered by large onshore wind and solar projects and being supplied with sea water that is desalinated. The project aims to produce a total of 200,000 tonnes of green hydrogen every year in its initial phase, with the potential capacity of the facility expected to scale up production up to one million tonnes every year in the southern part of Tunisia.
TE H2 in collaboration with VERBUND, will both be leading the development works, funding, construction works, and even operation of the integrated project from production of green electricity to producing green hydrogen. Additionally, VERBUND will be responsible for coordinating the transportation of the hydrogen that will be produced towards the Central part of Europe. A first portion will be specifically constructed from the production site to the north Tunisian coast. Hydrogen will then be transported via a marine pipeline that currently carries gas. According to David Corchia, who is the Managing Director of TE H2, transporting by pipeline is quite cheaper than a double conversion into ammonia that would require to be transported by ship. The hydrogen would then transit through the future SoutH2 corridor pipeline, expected to reach Europe via Italy by 2030.
About TE H2
TE H2 is an 80/20 joint-venture that was formed by TotalEnergies and EREN Groupe, specialized in developing and structuring large-scale green hydrogen projects that are located in world-class sites benefiting from exceptional renewable resources of energy, such as North Africa, Latin America, and Australia. TE H2 is comprised of an expert team with vast knowledge in the development, construction and operation of wind and solar projects all over the world. By combining both technical expertise and experience, TE H2 has an aim of delivering globally impactful renewable energy projects that provide affordable, sustainable, reliable, and accessible energy to many people.
About VERBUND
VERBUND Green Hydrogen GmbH is part of VERBUND, Austria’s leading energy company and one of the largest hydro-power producers in the region of Europe. The Group generates almost 98 % of its electricity from renewable energy, solely from hydro-power. VERBUND trades electricity in a total of 12 countries and generated around € 2.266m group result and € 4.490m in EBITDA in 2023 with around 3,800 employees.
With its subsidiaries and partners, VERBUND is active in the generation of electricity, transmission and in international trading and sales. VERBUND has been quoted on the Vienna Stock Exchange since 1988 with 51% of the share capital being held by the Republic of Austria.
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