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International Renewable Energy Agency and thyssenkrupp sign partnership agreement

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The new partnership aims to help improve the production and delivery of green hydrogen throughout the value chain.

International Renewable Energy Agency and thyssenkrupp sign partnership agreement

The International Renewable Energy Agency (IRENA) has signed a partnership agreement with thyssenkrupp. The purpose of the agreement is to promote green transformation in the interests of global development and the goals of the Paris Agreement on climate protection.

Under the terms of the agreement, both parties will work together and share their knowledge in the field of mass production, supply and transportation of green hydrogen and other green energy carriers - along the entire hydrogen value chain in terms of demand, supply and infrastructure. The agreement was signed on Friday 5 May in a virtual ceremony by Francesco La Camera, CEO of IRENA, and Martine Merz, CEO of thyssenkrupp.

Francesco La Camera, CEO of IRENA, stated that green hydrogen is a key pillar for decarbonizing the economy, achieving climate goals and securing energy supply.

“Today’s agreement between IRENA and thyssenkrupp will significantly improve knowledge sharing and enable technical solutions that will accelerate the production, deployment and use of green hydrogen,” he said.

Martina Merz, CEO of thyssenkrupp, emphasized that the German group wants to make a significant and rapid contribution to global decarbonization.

“Such partnerships are essential for the success of the green transformation. This is the greatest challenge of our time - more destruction than mere transformation. And this challenge can only be achieved through a global alliance,” said Merz.

Cooperation includes identifying applications for green hydrogen in various industries, identifying potential hydrogen needs at the national level, and developing business -Green hydrogen models as a key input to full scale decarbonization.

Focus on further promoting sustainable solutions. In addition, both parties will engage with many stakeholders through the IRENA Green Hydrogen Cooperation Framework, the Action Coalition and the Industry Decarbonization Alliance.

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