Andritz Hydro, the supplier of equipment and services for hydropower plants, has agreed to work with state hydropower producer Ukrhydroenergo to develop and produce green hydrogen as Ukraine prepares for reconstruction and pushes to join the European Union.
The three-year agreement commits the companies to develop green hydrogen projects, likely to benefit from the German government's H2Global plan meant to subsidize prices for green hydrogen, Ukrhydroenergo said in a press release.
Andritz Hydro, which has had a representative office in Ukraine since 1992, will also help Ukrhydroenergo upgrade the Dniester Hydropower Plant, which was damaged in Russian attacks, in a 50-million-euro project, the Ukrainian government said.
"Ukraine - with its large potential for hydropower and other renewable energy sources - could become important for Germany´s and/or Europe´s planned new hydrogen supply chain," states the memorandum signed between the two companies. "Green hydrogen produced in Ukraine on the basis of hydropower as the leading permanent source of renewable energy could be partially exported to Germany and the EU."
The companies offered no further details of the agreement, which was signed yesterday at a German-Ukrainian business forum held in Berlin.
