In Germany, ABO Energy said it has entered a strategic partnership with Hydropulse, the new build-own-operate subsidiary of ITM Power plc.
The partnership combines ABO Energy’s contacts to industrial offtakers, strong international development capabilities and selected pre-developed green hydrogen projects, with Hydropulse’s expertise in building and operating modular, containerized green hydrogen production plants based on ITM’s market-leading electrolyzer technology, the firm said.
ABO Energy and Hydropulse will develop decentralized hydrogen production units on or near end user sites. This includes, among other things, permitting, electricity supply, engineering, construction and operation. Hydropulse will build, own and operate the hydrogen production facilities, while ABO Energy will contribute on the power and development side. This will enable industrial customers to access long-term reliable hydrogen supply without requiring upfront capital investment.
The collaboration will be anchored in Europe with a particular focus on Spain and Finland, where low power prices make green hydrogen production attractive, the firm added.
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