PERTH (miningweekly.com) – Green energy developer Fortescue Future Industries (FFI) and Enel’s global renewables arm Enel Green Power (EGP) will partner to explore co-development of the green hydrogen value chain with an initial focus on Latin America and Australia.

The companies, also through this collaboration, aim to make green hydrogen cost-competitive with fossil fuel-based alternatives during this decade.

“This exciting announcement comes at a critical moment in energy. As winter approaches, and energy costs continue to skyrocket, competitive green energy costs have never been more needed,” FFI CEO Mark Hutchinson said.

“Green hydrogen and green ammonia are part of the solution for not only energy security and lower energy costs, but also for fighting climate change. With a strong proven record and dedication in green energy, Enel is the perfect partner to work with to make a green future a reality.”

The partnership will support FFI and EGP in their goals to not only diversify future energy supply and increase energy security, but also to help the world in its fight to lower emissions and fight climate change, Hutchinson said. The collaboration intends to establish a framework for FFI and EGP to identify and assess possible green hydrogen/ammonia projects.

The partnership marks an important milestone for the two partners as they look to bring even more large-scale production sites of green hydrogen and green ammonia to Latin America, as well as to Australia.

“We strongly believe that in the near future green hydrogen can play a strategic role in the decarbonisation of global energy systems, complementing direct electrification,” EGP CEO Salvatore Bernabei said.

“This collaboration with a partner such as FFI fully fits within Enel’s hydrogen strategy to reduce the green hydrogen production cost, through the scale-up of technology and through innovative solutions.”