Tree Energy Solutions (TES) and ZEG Power (ZEG) are pleased to announce the signing of a Letter of Intent (LOI) to jointly explore opportunities for green hydrogen production in Germany. The collaboration aims to accelerate the transition to a sustainable energy future by leveraging ZEG’s novel green hydrogen production technology integrated with carbon capture.
As part of this agreement, TES has awarded ZEG a feasibility study to assess the viability of implementing ZEG’s technology and to evaluate the technical, economic, and environmental aspects of deploying an initial demonstration plant, paving the way for potential large-scale deployment of the technology.
Arild Selvig, CEO of ZEG, expressed enthusiasm about the collaboration: “We are thrilled to partner with TES to explore clean hydrogen production opportunities in Germany. The ZEG technology can significantly reduce carbon emissions and contribute to a more sustainable energy mix. This collaboration aligns perfectly with our mission to empower the world with clean energy.”
“This initiative aligns with TES’ aim to democratise access to reliable and affordable green energy through existing infrastructure to end-customers. The partnership with ZEG marks the beginning of a collaborative effort to advance decentralised green hydrogen production from e-NG while capturing the CO2.”, said Jens Schmidt, Chief Technology Officer at TES.
The feasibility study is set to begin in September 2024, with results expected within the next six months. If successful, the deployment of ZEG’s technology in Germany could represent a significant milestone in transitioning to a hydrogen-based economy.
