February 2 (SeeNews) - Slovenian state-owned electricity producer Holding Slovenske Elektrarne (HSE) expects to start work on North Adriatic Hydrogen Valley, a transnational project to accelerate the deployment of hydrogen technologies, in the second half of 2023, it said.
"The project will last 72 months; it starts this year, as soon as the date is agreed with the European Commission, most likely in the second half of 2023," HSE said in a statement on Wednesday.
On Monday, The Clean Hydrogen Partnership, a public-private partnership supporting research and innovation activities in hydrogen technologies in Europe, said the North Adriatic Hydrogen Valley project has been admitted to negotiations with the European Commission for the allocation of a 25 million euro ($27 million) grant.
"We are proud that HSE, the main Slovenian producer of electricity from renewable sources, is the leading partner in the North Adriatic Hydrogen Valley project. It is an excellent example of interstate and multidisciplinary cooperation, which will enable a faster green transition to an emission-neutral society with the help of hydrogen technologies and the utilization of opportunities in the field of energy storage," HSE CEO Tomaz Stokelj said.
The North Adriatic Hydrogen Valley is an initiative supported by the governments of Croatia, Slovenia and the local authorities of Friuli Venezia Giulia. It includes 34 organisations active in production, storage and distribution as well as the end use of hydrogen. The partners will develop pilot projects for the production of more than 5,000 tonnes of green hydrogen per year from renewable energy sources and its storage, distribution and use.
($ = 0.91042 euro)
HSE d.o.o. is among the biggest companies in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here