Total Eren Becomes H2Global's Latest Foundation Member

Total Eren is now also providing its expertise in renewable energy and green hydrogen to the H2Global Foundation.

Total Eren is supporting the initiative promoted by the Federal Ministry of Economics and Climate Protection (BMWK) geared to accelerating the market ramp-up of green hydrogen and its derivatives.

Together with a growing number of internationally important companies, the aim is to make a decisive contribution to the decarbonisation of the economy and advancing independence from fossil fuels.

"The determined expansion of renewable energies is crucial for the production of green hydrogen and its derivatives," as H2Global CEO Markus Exenberger states, explaining the foundation's approach. "Total Eren is involved in all areas of renewable energy production and therefore recommends itself as an obvious partner for the goals we want to realise in Europe - as well as worldwide."

The H2Global Foundation was established with the aim of significantly accelerating the market ramp-up of green hydrogen and its derivatives and thereby contributing to the achievement of the Paris climate agreements.

In addition to German companies such as Siemens Energy Global, Thyssenkrupp or Deutsche Bank, European companies such as the mega-port Port of Antwerp-Bruges have recently joined the ranks of the foundation.

David Corchia, Chief Executive Officer of Total Eren commented: "The climate crisis commands for immediate actions. Germany is positioning itself at the forefront of the development of green hydrogen to cover its industrial and energy needs. Total Eren has made the strategic decision more than 2 years ago to develop multi-GW wind & solar projects in locations benefiting from exceptional natural resources. Far from Europe but with intrinsic low power generation costs, those projects will aim at delivering clean and reliable energy sources to Europe and Asia in the form of H2 or its derivatives. Germany is a top priority for us. We wish strong and forward looking decisions will enable us to develop these extreme large scale projects in Latin America, Australia and North Africa for the benefit of the local and the German people.”