In the Netherlands, Offshore Energy reported that German technology conglomerate Siemens and UK green energy company Paragon Resources have entered a memorandum of understanding (MoU) to jointly scale production of hydrogen using a novel process that reportedly eliminates the need for fossil fuels or external electricity sources.
Through the MoU, the companies seek to accelerate the global deployment of Paragon’s green hydrogen production technology to support energy-intensive industries.
Andy Lane, Senior Commercial Manager of Siemens, said: “Tackling the challenge of upscaling hydrogen production will be impossible without a willingness to collaborate. As a technology company, we have an integral role to play in supporting businesses such as Paragon Resources in developing, scaling and commercializing their innovative new processes and make a real impact. By integrating our automation and digitalization expertise, we look forward to working with the team at Paragon to drive the creation of a robust hydrogen market for the UK that also supports other facets of sustainability including resource efficiency and circularity.”
More on the story.
