- 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 public support mechanisms are considered for the green hydrogen transition.
Overview
Latvenergo, Latvia's national electricity company, and H2Pro, an Israeli firm specializing in green hydrogen production, have signed a Memorandum of Understanding (MOU). The agreement aims to explore the feasibility of deploying H2Pro's decoupled electrolysis technology in Latvia. The signing event was hosted in Tel Aviv by Latvia's Minister of Economics, Viktors Valainis, during his visit to Israel.
Project Details
In the first phase, the companies will assess the feasibility of piloting a 5 MW electrolyzer within Latvenergo's energy infrastructure. The collaboration seeks 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
The partnership aligns with Latvenergo's commitment to clean energy innovation, energy independence, and decarbonization. The project aims to achieve a competitive cost structure, crucial for unlocking green hydrogen's potential in Europe. Public support mechanisms like EU funding are considered important, but the focus remains on achieving economic self-sufficiency.
Government Support
The Latvian Ministry of Economy expressed strong support for the initiative, highlighting the strategic importance of Israeli-Latvian cooperation in clean energy. Minister Viktors Valainis emphasized the role of EU funding and other structural instruments in facilitating the project, aiming for mutual economic benefits between Latvia and Israel.
