New Energies, new possibilities

AEM Electrolyzers: decree issued granted contributions to Ansaldo Green Tech

A contribution worth 317 million euros over the six-year project to support the development and production of the product

This is the amount of the decree recently issued by the Ministry of Business and Made in Italy in favor of the company controlled by Ansaldo Energia. The incentive was obtained following the approval of the IPCEI Project by the European Commission with Decision of 15 July 2022 (C (2022)5158 final) no. SA.64644.

The Ansaldo Green Tech project, called IANUS, is aimed at the construction of the new production line of AEM Electrolysers, the expansion of the research laboratories at the Genova site and the development and industrialization of modular electrolysers including both 1 MW containerised and “open design” solutions for large-scale multi-MW industrial applications. With a focus on strategic sectors such as industry, power generation and mobility, the project aims to accelerate the energy transition, integrating hydrogen as a fundamental pillar for an environmentally and economically sustainable future.

The AEM Electrolyser developed by Ansaldo Green Tech is an innovative product, capable of producing over 500 kg of hydrogen per day, ensuring cutting-edge performance and higher sustainability compared to competing technologies. The system offers high efficiency and flexibility, pressurized hydrogen production, reduced use of critical raw materials, and lower water consumption. Last November, Ansaldo Green Tech formalized the sale of the first 1 MW AEM Electrolyser.

AEM Electrolyzers: decree issued granted contributions to Ansaldo Green Tech - Hydrogen Central

On February 20, Aramco Ventures has completed a strategic investment into Hydo Tech, a leading provider of hydrogen electrolyzers in China, according to Hydo Tech’s new release.

Aramco Ventures is the corporate venturing arm of Aramco, the world’s leading fully integrated energy and chemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, Aramco Ventures’ strategic venturing programs invest globally in start-up and high growth companies with technologies of strategic importance to its parent company, Aramco, primarily supporting its operational decarbonization, new energies and materials businesses, and digital transformation initiatives.

Hydo Tech is a major innovator in green hydrogen production technology and manufacturer of electrolyzer headquartered in China. In response to a number of challenges in the green hydrogen era, Hydo Tech has developed the world's first advanced square-shaped and pressurized alkaline electrolyzer system - Hydolyser(®).

Currently, Hydo Tech's business reaches across multiple regions, and collaborates closely with world-leading energy enterprises such as Shell, TotalEnergies, Sinopec, and GoldWind to establish flagship projects and jointly drive the development of the hydrogen energy industry with global partners, according to the company.

With an in-house business development team, Aramco Ventures actively support portfolio companies in doing business with Aramco and accessing the Saudi Arabian and regional MENA market, including facilitating technical collaboration, piloting, business development, and accessing technical and operational expertise.

The strategic investment has instant effect. Almost the same time, on February 16, Enowa, the sustainable energy and water systems subsidiary of NEOM, signed an agreement with Hydo Tech in Saudi Arabia. According to the agreement

Aramco invests Chinese electrolyzer producer, impacts on MENA green hydrogen projects