Ljubljana stock indices rise, NLB leads gainers
Koncar boosts Croatian share indices
Most Romanian stock indices rise further, Digi shines
Bosnia's Serb Republic trade gap widens in Jan
Bosnia's Serb Republic building permits up 40% y/y in Jan
Dec 08, 2022 14:38 EEST
December 8 (SeeNews) - Swedish energy systems manufacturer Metacon said on Thursday it has entered into a master supply agreement with Romania's Ground Investment Corp (GIC) for a 10 MW containerised hydrogen generation plant worth 16.13 million euro ($16.9 million).
The agreement covers the supply of an integrated hydrogen system consisting of an electrolysis-based hydrogen production unit, a hydrogen compression and storage unit, a fuel-cell unit as well as an integrated hydrogen refueling station, Metacon said in a press release.
"We see very strong potential for green hydrogen and hydrogen applications in Romania. We are pleased to be able to team up with Metacon in this pioneering wind power-linked green hydrogen project," GIC managing director Dan Oproescu said.
GIC aims at initially producing approximately 1.3 tonnes per day of renewable green hydrogen using renewable energy from a 30 MW wind-power plant for various purposes: to balance the total energy production of the wind-power system, to refuel Fuel-Cell Electric Vehicles (FC-EV’s) and to supply compressed green hydrogen to third parties.
"We are very pleased to have entered into this master supply agreement with Ground Investment Corp SRL on the Romanian market. The contract shows trust in Metacon’s ability to provide integrated hydrogen solutions for its international customers. This will be a pioneering multi-purpose green hydrogen project," Metacon CEO and president Christer Wikner said.
The contract will be executed in two phases.
The parties have agreed that a precondition for the initiation of the first stage is that GIC receive the EU funding applied for the project. GIC expects the EU grant decision to be made during the first half of 2023.
Should the EU funding not be granted, the parties will discuss the possibility to go ahead with the project anyway on current conditions of the contract and/or if necessary, agree on relevant amendments to the deal, Metacon added.
Established in 2011 in Sweden, Metacon is an international energy technology company which commercializes small and large energy systems for the production of hydrogen, electricity and heat.
Ground Investment Corp is a company active in the area of infrastructure works in the field of electrical energy, telecommunications and ITS, acting as engineering, procurement and construction (EPC) partner for various general contractors as well as developing its own energy projects in the renewable energy sector in Romania.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options