Swiss renewables developer Terra Sola has signed an MoU with H2 Industries to support its development of green hydrogen projects across Africa.
The agreement supports Terra Sola’s development of large-scale integrated solar energy projects for selected countries across Africa integrated with H2 Industries’ liquid organic hydrogen carriers (LOHC) technology.
These projects could enable the storage and release of electrical power for export, use as a local industrial feedstock, or for grid stabilisation and/or off-grid power availability.
The multimillion US dollar cooperation is aimed at accelerating the transition of local industries to renewable energy, driving electrification, and boosting socio-economic development in these selected countries.
Terra Sola brings together financial, technological, and development partners to establish large-scale PV power plants, primarily in the Middle East, as well as Africa, where there is high demand for energy.
Terra Sola, through its Algeria based development arm Terra Sola PV Production Algérie, is active in more than 17 African countries with a combined project pipeline of more than 10GW of installed solar capacity, combined with various socio-economic benefits for their host countries, like education and job-creation programmes and the localisation of industrial production and knowledge transfer.
H2 Industries’ LOHC technology can convert power from renewable energy into hydrogen, store and transport it in LOHC and then release it for power generation, via fuel cells, in any location or for direct use in industry and/or mobility sectors, on-grid, or off-grid.