MHI to Invest in Green Hydrogen & Green Ammonia in South Australia
Mitsubishi Heavy Industries, Ltd. (MHI) has agreed to make a capital investment in H2U Investments, the holding entity of the H2U Group. The H2U Group includes The Hydrogen Utility (H2U), the leading Australian developer of green hydrogen and green ammonia projects using power derived from renewable energy sources. The agreement also includes MHI’s support for H2U’s projects and business development initiatives, including supporting the Front-End Engineering and Design (FEED) study for H2U’s Eyre Peninsula GatewayTM project in South Australia. South Australia has a rich endowment of wind and solar resources, and is now the leading economy, globally, in the integration of variable renewable energy into its electricity generation mix. By leveraging abundant renewable energy resources in the region to produce green hydrogen and green ammonia as part of the State’s carbon-free energy solutions, the initiatives will help decarbonize mineral processing and agricultural industries in the region, and lay the foundation to…
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