BAKU, Azerbaijan, Sept.30
By Leman Zeynalova - Trend:
Italian Snam company and the International Renewable Energy Agency (IRENA) have signed a Partnership Agreement aimed at developing hydrogen based on renewables ("green hydrogen") to support the energy transition worldwide, Trend reports with reference to the company.
The two parties will cooperate to study and possibly implement alongside other partners, pilot projects on renewables generation, transport and distribution of green hydrogen with a view to the development of replicable business cases.
Under the new cooperation, Snam and IRENA will encourage public-private partnerships to accelerate hydrogen demand on industrial scale and will promote research and development initiatives to bring down costs as well as support technology developments.
The partnership will leverage on Snam's expertise as a network infrastructure operator, further boosted by its equity interests held in the Italian company Industrie De Nora and the British ITM Power, both leading companies in the hydrogen field and more specifically in the electrolysers production. The partnership will also be strengthened by Snam’s role and contribution to the Green Hydrogen Catapult initiative.
The partnership shall be subject to any possible binding agreements to be subsequently negotiated between the parties in compliance with all the relevant applicable laws and regulations.
---
Follow the author on Twitter: @Lyaman_Zeyn