The agreement represents a major victory for the future of the MENA region as a hub for green hydrogen, regional cooperation and Israeli-Moroccan relations
SHARM EL-SHEIKH, Egypt, November 9, 2022 /PRNewswire/ — Israeli company H2Pro and Moroccan renewable energy developer Gaia Energy announce today the signing of a strategic agreement at the United Nations Climate Conference (COP27). The two companies unveiled the plans for their new partnership in the presence of Tamar Zandberg, Israel’s Minister of Environmental Protection, Lior Ben Dor, Director of Egypt and the Maghreb at the Israeli Ministry of Foreign Affairs, Rachid TahiriHead of the Climate Change and Green Economy Division for from Morocco Ministry of Energy Transition and Sustainable Development, and Kelthoum Belhaj, Head of Green Economy Unit for from Morocco Ministry of Energy Transition and Sustainable Development. As part of this historic agreement, Gaia will use a range of H2Pro electrolyser technologies from 10 to 20 MW for a demonstration project in Moroccowhile simultaneously exploring the use of H2Pro technology in a Gigawatt-scale system currently being developed by Gaia within the Kingdom.
The announcement comes amid the most high-profile gathering on climate action – the United Nations’ annual Conference of the Parties. COP27 is hosted by Egypt in Sharm el-Sheikh, where the topic of green hydrogen and its critical role in the transition to net zero features prominently in formal negotiations and side events. Green hydrogen has become widely accepted both as a key tool for decarbonizing hard-to-reduce sectors and as a clean molecule for storing and transporting renewable energy.
“Morocco, and the MENA region as a whole, are poised to lead the world in the clean energy transition by utilizing our abundance of renewable resources and becoming a green hydrogen hub. By combining the power of Gaia’s renewable energy assets with H2Pro’s efficient and cost-effective green hydrogen production technology, we bring Morocco and our region one step closer to this vision,” said Moundir Zniber, CEO of Gaia Energy. “At the gigawatt level, we are strengthening from Morocco profile of a serious player in the field of green hydrogen,” he added.
The theme of cross-border cooperation around climate action is also a key topic on the agenda of COP27. H2Pro, which was chosen to exhibit at Israel’s first pavilion of a UN climate conference, came COP27 as a champion of regional cooperation and with aspirations for the MENA region.
“Climate change is the greatest challenge facing our generation, and it can only be solved by crossing borders with transparent coordination between the private and public sectors,” said Talmon Marco, CEO of H2Pro. He continued: “We have chosen COP27 as a platform for launching the partnership between H2Pro and Gaia because this moment is not only an achievement of two private companies, but rather an important step in Moroccan-Israeli relations. It demonstrates the triumph of regional cooperation over climate change and is a clear indicator of the key role that innovation plays in diplomacy. We are proud today to work with Gaia Energy to take our region to new heights as it assumes its leadership role in the clean energy transition. »
Minister Tamar Zandberg spoke about the importance for the government to support the private sector in climate action. “No country, no sector, and no one can do it alone. We all come together for this cause, and if we can use it for the good of our children, we will be blessed,” she said.
ABOUT GAIA ENERGY
Based at MoroccoGaia Energy is a leading international developer of large-scale renewable energy in Africa. They are one of the first local companies to develop large-scale renewable energy projects in Africa, adopting the highest international technical standards with prevalence in more than 10 countries and a pipeline of 6 GW of projects under development. Gaia is also developing several large-scale projects to convert renewable energy into green hydrogen and green ammonia, with a pipeline of 8 projects for a total capacity of 40 GW across the continent.
Gaia partners and works with major utilities, national network operators and governments to energize Africa. Gaia has developed a unique process adapted to the needs and demands of emerging countries. Gaia has also established top-notch structuring partnerships for its projects with major energy multinationals across the continent.
H2Pro is accelerating the global transition to net zero by enabling affordable green hydrogen this decade. H2Pro’s E-TAC (Electrochemical – Thermally Activated Chemical) technology solves the main challenges of traditional electrolysis by separating the generation of hydrogen and oxygen over time. E-TAC achieves its unrivaled 95% efficiency (compared to 60-70% efficiency of alternative methods) by avoiding the inefficient oxygen evolution electrochemical reaction, replacing it with a thermally activated chemical reaction (TAC ) which consumes neither energy nor heat. Additionally, since hydrogen and oxygen are generated at different times, an expensive membrane is not required. Combined with low-cost, mass-produced electrodes, E-TAC systems benefit from a safe and easily scalable design at a significantly reduced cost.
Based at Caesarea, Israel, H2Pro was founded in 2019 based on years of research conducted at the Technion, Israel Institute of Technology. H2Pro has raised over $100 million. It is backed by leading investors and strategic partners, including Bills Gates climate fund Breakthrough Energy, Temasek Holdings, ArcelorMittal and Yara Growth Ventures. H2Pro’s 0.4MW pilot systems will be launched in 2023 and its commercial production line will begin manufacturing in 2024 via its first factory in Tziporit, Israel.
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