Italian utility A2A SpA (BIT:A2A) and the local renewables platform of private investment house Ardian intend to collaborate on green hydrogen opportunities.
The two parties have entered into a memorandum of understanding (MoU) that outlines a potential partnership, the goal of which will be to identify potential areas for cooperation when it comes to the production of hydrogen from renewable sources. They will seek to identify the most suitable sites for the integration of existing or planned renewable power plants and hydrogen production units.
“This cooperation is an excellent opportunity to analyze the potential of green hydrogen and to develop business models that combine the environmental sustainability of renewable production with the fundamental characteristics of flexibility and programmability required for the optimal operation of the national electrical grid,” stated Renato Mazzoncini, CEO of A2A.
The head of Ardian Infrastructure, Mathias Burghardt, commented that the investment firm aims “to become a reference fund manager in green hydrogen,” and noted that it currently manages some 5 GW of renewable energy plants globally, including 500 MW in Italy.
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