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.
“Such process requires a large volume of electricity, which can be supplied by hydropower plants. Since HPPs are considered renewable energy sources, the hydrogen produced using electricity from HPPs is considered environmentally friendly and carbon-free.
“Being a Russian leading company in production of renewable energy, RusHydro is interested in developing and promoting hydrogen technology.”