Lightsource BP creates green hydrogen JV

Dec 23, 2021 11:08 AM ET
  • Partnership with Portuguese gas utility Dourogás will explore potential of 8 sites
Lightsource BP creates green hydrogen JV
Image: Lightsource BP

Lightsource BP and also Portuguese gas utility Dourogás are forming a joint venture to purchase solar and green hydrogen facilities in Portugal.

The partnership will certainly explore the potential of eight green hydrogen sites.

Up to 200MW of solar projects created by Lightsource BP perseverance 130MW electrolysers, established by Dourogás, that will convert water to green hydrogen and oxygen.

The green hydrogen will be infused straight right into the country's gas grid. Better clean power could be drawn from the grid to optimise the use of the electrolysers.

At its height, more than 1000 straight as well as indirect jobs could be developed by the new partnership. It is Lightsource BP's initial green hydrogen partnership.

The first project with Dourogás, Monforte, will benefit from a EUR5m give from the EU's Portugal 2020 fund to sustain this early- stage release.

Green hydrogen has the possible to decarbonise a range of hard-to-abate fields, the partners claimed.

It permits clean electricity to be exchanged gas as well as mobile fuels such as ammonia.

These can displace natural gas as well as various other fossil fuels opening up brand-new courses to a low carbon future where electrical energy is not an alternative, they added.

Lightsource BP nation go to Portugal Miguel Lobo stated: "Solar is scalable, fast to deploy as well as today, cheaper than any other form of power.

" We have actually always relied on solar as an essential device in decarbonisation. When utilized to produce green hydrogen, it comes to be a whole energy change toolkit.

" The clean power secured right into these hydrogen molecules can quickly reduce the impact of industries, heavy transportation and warmth in methods power alone can not.

" This partnership is a beacon of the possible. It shows what the power field can do not in 2050, or 2030 but now."

Dourogás group chief executive Nuno Moreira stated: "This partnership between Dourogás and Lightsource BP results from the top priority that these firms position on the growth of brand-new power green projects.

" This partnership appears, both in technological as well as measurement terms, the capacity and also the vision of these 2 business.

" It is unquestionably an advance in the direction of the decarbonization of the economic situation to which Dourogás is dedicated, leading the way to a lasting world for the future generation."

In September Lightsource BP established a brand-new passion to establish 25GW of solar power by 2025, up from 10GW by 2023.

The rise in rate will be sustained by a $1.8 bn (EUR1.59 bn) credit scores facility revealed together with that new target.

Lightsource BP has an existing solar pipeline in Portugal of about 1.5 GW outside of this new JV. It is additionally part of hydrogen consortiums in Australia and also the UK.

Dourogás is establishing a variety of green gas projects both with biomethane and hydrogen. Dourogás is a natural gas utility providing regarding 30,000 grid clients in 34 towns.

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