Engie Brazil Partners With Invest Paraná for Green Hydrogen Production and Job Creation

Written by Valdemar Medeiros

Published on 07/04/2023 at 11:30

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Engie Brazil Signed a New Letter of Intent with Invest Paraná and Plans to Generate Over 10 GW of Green Hydrogen by 2030, Creating Various Jobs for Local Residents.

Engie Brazil Energy signed a new letter of intent with the private investment attraction agency Invest Paraná this Thursday (6). The agreement aims to develop large-scale projects for the production of green hydrogen in the state, generating jobs and income for the population. The document is a cooperation instrument that usually precedes an agreement with more defined responsibilities between the companies.

Engie Brazil Plans to Implement 10 GW of Green Hydrogen

According to the CEO and Investor Relations Director of Engie, Eduardo Sattamini, the company’s global strategy is to establish a strong position in hydrogen, with Brazil playing a crucial role in that. Globally, the group plans to implement the production of 4 GW of hydrogen by the beginning of the next decade.

In Brazil, the company has a portfolio of approximately 10 GW in clean energy, in addition to closed partnerships in the hydrogen hub in Ceará, which are expected to create new jobs. At the Port of Pecém, for example, the company plans to start with 100 to 150 MW of installed electrolysis capacity within five years, with potential for expansion by the end of the decade. The main focus is on exporting the green hydrogen molecule or its derivatives.

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Hydrogen Can Be Found in the São Francisco Basin

Collaborative studies linking the consultancies Georisk and Geo4u, Brazilian and French researchers, identified the presence of hydrogen in deep wells and in the soil of the São Francisco Basin, as well as high concentrations of hydrogen in reservoirs. The research indicates the existence of active gas systems in at least three points in the region.

Although these initial studies by Engie Brazil have been conducted, the commercial production potential of this type of fuel is still unknown. Research led by the company since 2018 indicates that Brazil may have natural hydrogen potential in at least three more states, namely Ceará, Tocantins, and Roraima.

The articles from 2019 and 2021 were authored by Engie’s Chief Scientific Officer, Isabelle Moretti, and are cited in the chapter of the Ten-Year Energy Plan (PDE) 2031. In September of last year, the company closed a deal for the sale of Pampa Sul to the investment funds Grafito and Perfin Space X, managed by Starboard and Perfin, respectively. The transaction value is R$ 2.2 billion, including debts of R$ 1.8 billion. This initiative marked the company’s exit from coal generation in Brazil as part of its decarbonization strategy.

About Engie

Engie is a global leader in low-carbon energy and services. With over 96,000 employees, partners, customers, and stakeholders, the Group is committed to driving the transition to a more carbon-neutral world through reduced energy consumption and more sustainable solutions.

Focused on its purpose, the company combines performance with a positive impact on people and the planet, leveraging its key activities to provide competitive solutions to its customers.

Engie Brazil Partners With Invest Paraná for Green Hydrogen Production and Job Creation

Engie Brazil Signed a New Letter of Intent with Invest Paraná and Plans to Generate Over 10 GW of Green Hydrogen by 2030, Creating Various Jobs for Local Residents.

Engie Brazil Plans to Implement 10 GW of Green Hydrogen

Hydrogen Can Be Found in the São Francisco Basin

About Engie

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Engie Brazil Partners With Invest Paraná for Green Hydrogen Production and Job Creation

Engie Brazil Signed a New Letter of Intent with Invest Paraná and Plans to Generate Over 10 GW of Green Hydrogen by 2030, Creating Various Jobs for Local Residents.

Engie Brazil Plans to Implement 10 GW of Green Hydrogen

Hydrogen Can Be Found in the São Francisco Basin

About Engie

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Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

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