- The MOU explores deploying H2Pro's electrolysis technology in Latvia.
- Phase one reviews piloting a 5 MW electrolyzer within Latvenergo's infrastructure.
- The project aims to integrate with Latvia's wind and solar energy sources.
- EU funding and structural instruments may support the initiative.
Introduction
Latvenergo, Latvia's national electricity company, and H2Pro, an Israeli green hydrogen innovator, have signed a Memorandum of Understanding (MOU) to explore the feasibility of deploying H2Pro's decoupled electrolysis technology in Latvia. The agreement was signed during an event in Tel Aviv, hosted by Latvia's Minister of Economics, Viktors Valainis.
Project Scope
The first phase of the agreement involves reviewing the feasibility of piloting a 5 MW electrolyzer within Latvenergo's energy infrastructure. The collaboration aims to integrate H2Pro's technology with Latvia's renewable energy sources, such as wind and solar, ensuring long-term economic viability for green hydrogen production.
Strategic Importance
For Latvenergo, the partnership aligns with its commitment to clean energy innovation, energy independence, and decarbonization. The company is particularly interested in H2Pro's technology for its potential to reduce capital costs while maintaining high efficiency, which is crucial for achieving a competitive cost structure in green hydrogen production.
Support and Cooperation
The Latvian Ministry of Economy expressed strong support for the initiative, emphasizing the strategic importance of Israeli-Latvian cooperation in clean energy. The ministry is open to facilitating access to EU funding and other structural instruments to support the project, aiming for mutually beneficial economic development between Latvia and Israel.
