HRS and Gaia Energy join forces to ramp up development of green hydrogen mobility
HRS, a European designer and manufacturer of hydrogen refueling stations and Gaia Future Energy, the Moroccan green hydrogen developer and an affiliate of Gaia Energy Group, announced the signing of a Memorandum of Understanding to provide global green hydrogen distribution solutions for mobility, combining green hydrogen produced by Gaia future Energy and HRS’ hydrogen refuelling station.
The parties also hope to reach a cross-distribution agreement, creating commercial synergies. Gaia Energy is one of Africa’s leading promoters of renewable energy. The Group develops large-scale projects to produce renewable energy and derivatives and has extensive experience in producing green hydrogen, which is mainly exported to Europe.
Pursuant to the memorandum of understanding, HRS and Gaia Future Energy teams will work together to ramp up the development of green hydrogen infrastructure, particularly in Europe. The partners are mainly seeking to jointly develop large-scale hydrogen mobility projects in which HRS will provide hydrogen distribution solutions for green H2 produced by Gaia Future Energy in Morocco. The partners also plan to explore new business opportunities in Morocco.
Backed by a climate (strong winds and high solar irradiance levels) that is particularly conducive to the competitive production of renewable energies, including green hydrogen, Morocco is especially well positioned to occupy a significant share of the European export market of renewable hydrogen. Furthermore, existing infrastructure and the close proximity to Southern Europe also facilitate transport to Europe.
Moundir Zniber said, “We are both thrilled and proud to be able to play a considerable role in shaping this new partnership model between Morocco and Europe, based on a vision of a decarbonized future where Morocco becomes a strategic source of green fuels for European mobility, thanks to HRS, which had the strength and ambition to create this new market for the future.”
Hassen Rachedi said, “We are delighted to be working with Gaia Future Energy to step up the transition towards cleaner and more sustainable mobility in both Europe and North Africa. This agreement is in line with our shared desire to tackle the challenges of the energy transition by ramping up the development of green hydrogen mobility using competitive joint solutions. This strategic partnership will allow us to jointly deploy large-scale green hydrogen projects by leveraging our two companies’ complementary areas of expertise. We are convinced that green hydrogen is a key driver in transport decarbonization and are eager to start working with Gaia Future Energy.”
