25 April 2022
RES, today announced that the company has signed a Letter of Intent (LOI) with Permascand, an independent technology-driven manufacturer of electrochemical solutions, for the co-development of a commercial research center in the green hydrogen plant RES are developing in Alby, Ånge Municipality, Sweden.
The purpose of the LOI is to continue the negotiations for the establishment and investment in a commercial research center for testing and evaluation of Permascands products in a production plant which enables significant and important results for the project.
Matilda Afzelius, CEO at RES, commented “This project is extremely important. We are at the forefront here and are contributing to a rapid transition to renewable energy. With this collaboration, we have the opportunity to create both local and global benefits. A sustainable future will benefit from more cross-border and innovative developments and collaborations like this”.
RES, the world’s largest independent renewable energy company, has driven the development and establishment of a green hydrogen plant in Alby in an area designated by Ånge Municipality for establishment of power-intense industry. The goal is to be able to provide green hydrogen to local industry in a first stage, by the turn of 2024/2025. With a new grid connection, the facility will be gradually expanded on a larger scale by the turn of 2026/2027.
Sigrid Nord, development project manager at RES, commented ”We are very excited about this collaboration opportunity together with Permascand in our work to make it possible to take the testing into a production plant to enable competitive green hydrogen. We see that this type of green energy system will be crucial in enabling the energy transition for industry and that collaborations like these deliver great benefits”.
Peter Lundström, CEO at Permascand comments: ”It is a very positive and interesting start that we jointly can contribute to a development project of this kind. It is in line with Permascand’s growth plan and the construction of a full-scale technology center to develop new technology for green hydrogen and our quest for increased sustainability globally – the fact that the project also has a local connection makes it even more interesting”.
The terms of the cooperation will be regulated in a possible future and binding agreement.
