ZEN catching up with Mitsubishi Corporation on green hydrogen opportunities in Australia

DGA Energy Solutions Australia Pty Limited (DGA), which is a 100% subsidiary of Mitsubishi Corporation (MC), and ZEN Energy (ZEN) have executed a Memorandum of Understanding (MoU) to support DGA’s green hydrogen strategy and MC’s decarbonization aspirations.

The MoU marks the extension of a partnership between DGA and ZEN to jointly deliver renewable electricity and renewable hydrogen into new sustainable value chains. The partnership leverages the strengths of ZEN in procuring, trading, and marketing 100% renewable electricity, DGA in the design and delivery of hydrogen plants and MC in trading and investment activities across a wide range of industrial value chains.

Kentaro Matsumura said, “DGA Australia aims to be a leading supplier of green hydrogen in the Oceania region, starting first with local production to meet the needs of businesses in Australia and moving to the export of hydrogen-based products from Australia to Asia.”

“Partnering with ZEN, an early mover in the energy transition who already supplies platinum customers from a scalable renewable generation platform, will enable us to move closer to our goals.”