Within the agreement, both parties will research opportunities for construction of new hydropower plants to supply electricity to produce hydrogen and chemical compounds on its basis. Joint scientific research studies in the field of hydrogen energy will take place including implementation of fuel cells and power storage systems based on hydrogen.
Interest in hydrogen energy is increasing y/y. Hydrogen is a highly efficient environmentally friendly fuel produced in the process of water electrolysis. Such process requires a large volume of electricity, which can be supplied by hydropower plants. Since hydropower plants are considered renewable energy sources, the hydrogen produced using electricity from hydropower plants is considered environmentally friendly and carbon-free. Being a Russian company in production of renewable energy, RusHydro is interested in developing and promoting hydrogen technology.
