PID reached for first green hydrogen valley in Portugal

REGA Energy Group has concluded a Preliminary Investment Decision (PID) for its first green hydrogen valley in Portugal, securing full off-taker capacity. The company will now launch a formal Request for Proposal (RFP) to leading Tier 1 EPC contractors, aiming to choose a partner and sign a contract by the end of Q1 2024.

The project comprises a 40 MW electrolyzer and a pipeline network for clients.

Recently, REGA Energy Group completed a funding round of €60 million, in addition to finalizing the Front-End Engineering Design (FEED) for the plant and pipeline distribution network. The company has chosen alkaline technology for its electrolyzer and plans to finalize the pre-selection of Original Equipment Manufacturer (OEM) in the coming months.

This hydrogen valley project is the first of its kind in Portugal and has received certification as a Project of National Interest (PIN). The valley will leverage the existing local glass and cement industry hub, ensuring long-term predictability for energy and carbon prices.

The PID serves as a testament to the progress made by the group with industry players and contractors, ensuring the selection of optimal partners for the successful completion of this initial phase. It also paves the way for the upcoming execution phase of this project and other green hydrogen valleys currently in development in Portugal.

HTW Editorial Team

HTW Editorial Team

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