Green hydrogen is central to achieving the Paris climate protection goals: With its help, it is possible to transform Germany’s largest greenhouse gas producer in a climate-friendly way and at the same time to strengthen Germany as a technology location.

The most important area of ​​application is industry: Green hydrogen can be used as an alternative fuel to fire up stoves or, together with CO2, e.g. As a component of polymers, they help to replace the fossil raw material base of the chemical industry. Thanks to fuel cells, green hydrogen can be converted into electricity and heat. Fluctuations in the power grid can be compensated for, houses can be heated and supplied with electricity, and vehicles can be driven. Green hydrogen can be used as a fuel in traffic – especially where electrification is not useful or possible. Together with CO2, it can also be converted into other climate-friendly fuels that power trucks, ships, and planes

The main problem with the use of hydrogen is its storage

CURRENT PROJECT
Hydrogen storage through the Metal-Organic Framework

Hydrogen storage is the reversible storage of hydrogen with the aim of preserving its chemical and physical properties for further use. The storage includes the processes of storage or storage loading, temporary storage, and withdrawal or storage unloading.

Metal-organic frameworks, (MOF) are porous materials with a well-ordered crystalline structure. They consist of complexes with transition metals. The MOF can be optimized for hydrogen storage and are an active field of research and are seen as one of the most promising technologies for hydrogen storage.

Project support – Financing of the NewCo

PLACE
Germany

DESCRIPTION
Start-up of a company for the production of mobile and stationary hydrogen storage systems

GOALS
This project will enable the financing of a NewCo which will build and operate hydrogen storage systems.

SECTOR
Energy

GLOBTEC IS THE CHIEF ADVISOR FOR TECHNOLOGY AND FINANCE

TOTAL COST EUR 15 MILLION

ENVIRONMENTAL ASPECTS

Details of the client’s environmental and social due diligence procedures for ensuring compliance with relevant European regulations and the Environmental and Social Standards as well as the capacity of the client to assess and monitor environmental and social risks and impacts will be reviewed during project execution.

The client will be required to develop an environmental and social policy and establish the appropriate management systems to comply with environmental and social requirements.

PROJECT STATUS

SIGNED – APR/12/2022