TES signs agreement with EWE to build 500MW electrolyser at Wilhelmshaven
Tree Energy Solutions (TES) has today (November 25) announced it has signed an agreement with German utilities provider, EWE, to build a 500MW electrolyser at its planned Green Energy Hub in Wilhelmshaven, Germany.
Expected to commence operation in 2028, the initial 500MW capacity is expected to be doubled with a later addition of another electrolyser unit, reaching GW of capacity.
TES announced plans to establish its Green Energy Hub at the port of Wilhelmshaven in March this year (2022), which it has since said could accommodate up to 2GW of capacity of electrolysers with renewable energy sources such as offshore wind to generate green hydrogen.
Under the new Memorandum of Understanding (MoU), the companies have said they will benefit from synergies such as the joint connection to the grid, and the utilisation of oxygen in other green energy processes.
“The signing of this MoU is a clear example of the progress underway for Wilhelmshaven to become a major green energy hub for all of Europe, which will not only import green energy but also generate locally produced hydrogen,” said Marco Alverà, CEO of TES. “Alvera added, “We look forward to our collaboration with EWE in order to harness untapped energy potential and accelerate the transition to deliver affordable energy for all.”
In July, TES announced it had concluded its second fundraising round at €65m ($67.7m), attracting investors such as E.ON, HSBC, UniCredit, and Zodiac Maritime.