Creating a hydrogen market from scratch
“Price is price is price. The only way to produce hydrogen very cheaply is if you have baseload power 24/7,” Mussat said.
“Price is price is price. The only way to produce hydrogen very cheaply is if you have baseload power 24/7,” Mussat said.
Baker Hughes will buy a minority holding in hydrogen and ammonia developer ATOME, and will become a partner in its flagship project in Paraguay.
Atome Energy has doubled the planned capacity of its project in Paraguay, while announcing the appointment of engineering companies to carry out design work.
The UK-based ATOME Energy has announced it is making progress on its flagship industrial-scale hydrogen and ammonia project in Paraguay.
Atome Energy has awarded a first front-end engineering and design (FEED) contract for its planned facility in Paraguay.
Atome Energy is a step closer towards going ahead with its Iceland and Paraguay green hydrogen plans with the completion of its fundraising.
High hopes around the shift to hydrogen have largely focused on technology providers, but there will also be a need for companies to bring production into reality.
Olivier Mussat has joined President Energy subsidiary Atome Energy from the International Finance Corp. (IFC) in preparation for an IPO later this year.