In Estonia, Stargate Hydrogen said it has entered into an alliance with Repsol, a global integrated energy group headquartered in Spain.
Under the transaction, Repsol´s Corporate Venture arm acquired a minority stake in Stargate Hydrogen’s share capital.
“Repsol is the largest producer and consumer of hydrogen in Spain; therefore, it has extensive first-hand experience of the complexities of hydrogen projects. We are delighted that this partnership will allow us to work together on multiple fronts, from R&D and product development to commercial deployment of Stargate’s innovative electrolyser technology,” said Marko Virkebau, CEO of Stargate Hydrogen.
“Renewable hydrogen is essential to our decarbonization roadmap. What we are looking for are innovative approaches to its production, enabling more efficient production. We have closely followed Stargate Hydrogen’s work in recent years and are confident that it can be a great ally for us to accelerate our renewable hydrogen developments,” said Gema García, Director of Open Innovation and Corporate Venturing at Repsol.
More on the story.
