German groups Schaper Group and Tesvolt have teamed up to collaborate on a range of green hydrogen projects which could generate revenues of up to €40m ($46m) by 2023.
The collaboration will see Schaper Group install Tesvolt energy storage systems, with a total capacity of up to 40MWh, for hydrogen pioneer Apex Group.
This battery storage system will offer electrolysers a reliable power supply for when intermittent energy generators, such as wind or solar, fail to produce enough energy.
Daniel Hannemann, founder and Commercial Director at Tesvolt, said, “We want to enable climate-neutral production for commercial and industrial companies. And for this the Schaper Group is exactly the right partner.
“In its projects for the hydrogen pioneer Apex, Schaper has demonstrated that energy supply using only renewables is possible.”
Hermann Huss, Owner and Managing Director of the Schaper Group, said, “It is the efficiency and service life of Tesvolt’s energy storage systems which particularly stand out in comparison with other manufacturers.
“We have been working with Tesvolt on various projects for almost three years now and we are impressed by the quality of Tesvolt battery storage systems.
“Together we want to develop further green energy solutions for manufacturing companies in the future.”
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