Russian hydroelectricity supplier RusHydro is joining forces with H2 Chistaya Energetika to jointly develop hydrogen production projects.
Under a deal signed earlier this month at the Eastern Economic Forum, both companies will explore opportunities for construction of new hydropower plants to supply electricity to produce hydrogen.
RusHydro and H2 Chistaya Energetika will also research fuel cells and power storage systems based on hydrogen.
“Interest in hydrogen energy is increasing year over year. Hydrogen is a highly efficient environmentally friendly fuel produced in the process of water electrolysis,” RusHydro said in a statement.
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