TotalEnergies: Green Hydrogen: TE H2 Partners with VERBUND on a Large Project in Tunisia
28 Mai 2024 - 10:44AM
Business Wire
Regulatory News:
TE H2 a joint-venture between TotalEnergies (Paris:TTE)
(LSE:TTE) (NYSE:TTE) and EREN Groupe, together with VERBUND,
Austria’s leading electricity company, have signed a Memorandum of
Understanding with the Republic of Tunisia to study the
implementation of a large green hydrogen project named “H2 Notos”
for export to Central Europe through pipelines.
H2 Notos aims to produce green hydrogen using electrolysers
powered by large onshore wind and solar projects and supplied with
desalinated sea water. The project aims to produce 200,000 tons of
green hydrogen annually during its initial phase, with the
potential to scale up production to one million tons per year in
South Tunisia. The project will have access to the European market
through the “SoutH2 Corridor”, a hydrogen pipeline project
connecting North Africa to Italy, Austria, and Germany, which is
expected to be commissioned around 2030.
TE H2, together with VERBUND, will be leading the development,
financing, construction, and operation of the integrated project
from production of green electricity to production of green
hydrogen. In addition, VERBUND will coordinate the transport of the
produced hydrogen towards Central Europe.
David Corchia, CEO of TE H2, said: “The signing of this
MOU with the Republic of Tunisia marks the actual start of this
highly ambitious project after months of work and interactions with
all stakeholders. We are delighted to partner with VERBUND to
support the development of such a pioneering and ambitious endeavor
in such a strategic location. H2 Notos has the potential to become
a significant supplier of green hydrogen for Europe while fostering
significant jobs creation in Tunisia. We are entering into a phase
of greenfield development and major technical work to assess the
feasibility of the project and we will need to further deepen the
highly constructive and fruitful collaboration we have enjoyed with
the national and local authorities through H2 Notos.”
Fatma Thabet Chiboub, Tunisia's Minister of Industry, Mines
and Energy, stated: "This agreement with TE H2 and VERBUND
marks a significant step forward in our quest for clean,
sustainable energy. Tunisia, firmly committed to its energy
transition, sees in this project a strategic pivot to strengthen
its attractiveness as a destination of choice for foreign
investment in renewable energies."
Michael Strugl, CEO of VERBUND AG, added: “Tunisia is a
particularly important upstream region in terms of scalability and
competitiveness and a significant part of VERBUND's hydrogen plans.
We have set ourselves the goal of supplying the European industry
with green hydrogen. By combining competitive hydrogen production
in Tunisia and pipeline-based transportation, we can ensure a
long-term supply at scale to support a sustainable transition of
our customers to green hydrogen as well as support a sustainable
economic development in Tunisia. We are delighted to be working
with a strong consortium capable of realizing GW-scale projects and
look forward to developing them in partnership and close
collaboration with the Tunisian authorities and population.”
***
About TE H2 TE H2 is an 80/20 joint-venture formed by
TotalEnergies and EREN Groupe, specialized in developing and
structuring large-scale green hydrogen projects located in
world-class sites benefitting from exceptional renewable resources,
such as North Africa, Latin America, and Australia. TE H2 is made
up of an expert team with extensive know-how in the development,
construction and operation of wind and solar projects globally. By
combining technical expertise and experience, TE H2 aims to deliver
globally impactful renewable energy projects that provide
affordable, sustainable, reliable, and accessible energy to as many
people as possible.
About VERBUND VERBUND Green Hydrogen GmbH is part of
VERBUND, Austria's leading energy company and one of the largest
hydropower producers in Europe. The Group generates around 98 % of
its electricity from renewable energy, primarily from hydropower.
VERBUND trades electricity in 12 countries and generated around €
2.266m group result and € 4.490m in EBITDA in 2023 with
approximately 3,800 employees. With its subsidiaries and partners,
VERBUND is active in the generation of electricity, transmission
and in international trading and sales. VERBUND has been quoted on
the Vienna Stock Exchange since 1988 with 51% of the share capital
being held by the Republic of Austria.
VERBUND is the decisive player for the success of the energy
transition in Austria. The challenges that lie ahead require a new
company spirit, which VERBUND is driving forward with its Mission
V. The Mission V is a long-term and comprehensive transformation
program and stands for the will to confront the climate crisis as a
force for change. This program is based on the VERBUND Strategy
2030 with its three main pillars: Strengthening the integrated home
market, expanding renewable energies in Europe and becoming a
European hydrogen player. With Mission V, VERBUND is accelerating
the achievement of the strategic goals 2030 and ensuring their
implementation.
Further information: www.verbund.com
Cautionary Note This document may contain forward-looking
information and statements that are based on a number of economic
data and assumptions made in a given economic, competitive and
regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. No entity under
this Press Release nor any of their subsidiaries assumes any
obligation to update publicly any forward-looking information or
statement, objectives or trends contained in this document whether
as a result of new information, future events or otherwise.
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TE H2 Contacts Media Relations + 33 (0) 6 18 23 76 99 l
solange.petit-de-bantel@totalenergies.com Investor Relations +33
(0)1 47 44 46 46 l ir@totalenergies.com
VERBUND AG Contact: Rainer Tschopp, +43 (0)664 – 882 613
32 l rainer.tschopp@verbund.com
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