Vision Hydrogen And Virya Energy Awarded Permits For Scalable 25-75 MW Green Hydrogen Production Facility
JERSEY CITY, N.J. and HALLE, Belgium, Nov. 22, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Vision Hydrogen Corporation (OTCQB: VIHD) (“VisionH2” or the “Company”) is pleased to announce that it has been granted Permits for a 25 MW Green Hydrogen Plant in North Sea Port of Terneuzen, the Netherlands.
Vision Hydrogen subsidiary VoltH2, in partnership with Virya Energy, reaches a critical developmental milestone towards development of a 25 MW green hydrogen production facility with tube-trailer loading and integrated distribution facilities. This scalable platform allows the partnership to scale up production capacity at this Site to 75 MW. At 25 MW the plant will produce up to 3.5 million kilograms of green hydrogen per year, and up to 10.5 million kilograms of H2 output at 75 MW.
The Project Site is strategically located in the North Sea Port of Terneuzen, proximate to existing high voltage power and gas infrastructure as well as large renewable power producing assets for the supply of green electrons and large industrial customers for future offtake of clean hydrogen.
Less than 1,500 metres from the Project Site is the 150kV ground station of TenneT, the Dutch national high voltage grid operator, and less than 1,400 metres away is the connection point to the Yara-Dow-Zeeland Refinery Pipeline which may be repurposed for H2 transport to the Zeeland Refinery in future. Adjacent to the Project Site is the Ghent-Terneuzen Canal, providing water access to the major European Port of Ghent.
VisionH2 and Virya plan to build the initial 25 MW electrolysis plant using proven, commercially available technology. Projected development costs for the initial phase of the project are estimated at €35 – €40 million.
VisionH2’s partner, Virya Energy contributes its extensive experience and knowledge, developed in the construction of previous green hydrogen applications, and continues to be at the forefront of innovation in development and adaptation of renewable and sustainable energy practices. The parties have received all Environmental and Construction Permits required to proceed with development, and they are now in the final statutory consultation and review period.
About Virya Energy
Virya Energy, which groups the companies Parkwind, Eoly Energy en Eurowatt, is much experienced in the production of renewable power (both onshore and offshore) and is currently also developing multiple H2 related projects. By developing the Terneuzen project, Virya helps to ensure that the necessary Hydrogen infrastructure is put in place in support of the coming energy transition. The Benelux is a unique region with a strongly developed industrial and logistics fabric. Green hydrogen has the potential to put industry and logistics firmly on the road towards CO2 neutrality by 2050.
Andre Jurres, Vision H2 Co-CEO and VoltH2 Managing Director
Tel. +32 (0)475 23 85 49, email@example.com
Stephan Windels, CEO Eoly Energy
Tel. +32 (0) 477 50 64 98, firstname.lastname@example.org
About Vision Energy
Vision Energy is an integrated energy company developing assets and solutions for the commercial, industrial and transportation sectors. Leveraging its proven track-record in site and asset procurement, accelerating development and permitting processes, plant design, and grid integration to facilitate low-carbon energy production, supply and distribution. The Company pursues reliable offtake relationships and operating partnerships with energy industry participants and end users seeking carbon abatements across feedstock and fuels. Vision Energy is committed to providing low carbon energy solutions with the highest yield, and where possible, projects are designed to leverage existing gas and power infrastructure to integrate and facilitate import and or distribution of reduced-carbon energy to domestic and global supply chains.
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Forward Looking Statements
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