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Enel to enter hydrogen business and targets Chile, the United States and Spain

InvestChile - June,22,2020

The hydrogen will be used to store energy or will be sold to industrial clients to assist them in their decarbonization processes.

Captura de Pantalla 2020-06-22 a la(s) 14.34.35

Next year, Europe’s largest electricity company, Enel, will launch a green hydrogen unit, targeting the Chilean, US and Spanish markets, in a bid to speed up its plans to become a carbon-free power producer by 2050.

“We have huge renewable energy pipelines in these countries where there is also a promising market for hydrogen,” said Antonio Cammisecra, head of Global Power Generation at Italy’s Enel, in an interview with Reuters.

At its solar and wind farms, Enel, which owns Spain’s Endesa, will be installing electrolyzers, which use electricity to split water into hydrogen and oxygen, to produce hydrogen to be used for energy storage or sold to industrial clients to help them decarbonize their processes.

Source: Pulso

Chapter 1 Foreign Investor's Guide

 

Topics: Energy- Enel- Hydrogen

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