Latest News

Italy's De Nora states orders currently equivalent brand-new electrolyser gigafactory output

I ndustrie De Nora began building of Italy's biggest electrolyser factory on Tuesday to meet expected need development for green hydrogen, which forms part of the EU's. plans to change fossil fuels in energy intensive industries.

Green hydrogen, which is produced by splitting water through. electrolysis, is likewise seen by some as a possible option to. the issue of saving excess sustainable power such as solar or. wind.

The European Union intends to produce 10 million metric lots. and import 10 million lots of green hydrogen by 2030 in a quote to. replace nonrenewable fuel sources, which give off carbon dioxide when burned,. contributing to environment change.

De Nora Chief Executive Paolo Dellacha said at an occasion to. mark the start of developing deal with the new factory that the. group already had orders to sell electrolysers able to produce. hydrogen with a capacity of 2 gigawatts (GW).

This amounts to the annual production capacity of the. plant, which will cost around 100 million euros ($ 107 million). It will take advantage of up to 63 million euros in public grants as. it is thought about strategic at a nationwide and EU level.

It is because of be prepared at the end of 2025 or early in 2026.

Estimates over the future need for electrolysers differ a lot. and experts now state Europe could need capacity of 100 GW or more. by 2030 ... these figures make us expect a very considerable. growth capacity, Dellacha said at the event.

A joint venture between Saudi Arabia Acwa Power. and Air Products to develop NEOM Green Hydrogen Project is. among De Nora's consumers for electrolysers, he said.

Meanwhile, Italy, Germany and Austria in May signed an. arrangement to work together on establishing a network to transportation. hydrogen from the southern Mediterranean to northern Europe.

A group of companies consisting of Italian gas grid operator. Snam has actually teamed up to build the SoutH2 pipeline by the. start of the next decade, with a monetary commitment of. more than 4 billion euros.

Snam CEO Stefano Venier stated on the sidelines of Tuesday's. occasion that group is extremely satisfied with its stake in De Nora.

Snam owns almost 22% in De Nora, having offered part of its. initial stake after the group ended up being public.

(source: Reuters)