Fincantieri Signs Green Hydrogen Agreement

Fincantieri has announced the signing of a memorandum of understanding with Enel Green Power Italia to explore and develop the use of green hydrogen for port operations and long-range maritime transport.

In particular, Fincantieri said the two companies will evaluate the possibility of collaborating both in the supply of green hydrogen to naval, submarine and surface vessels, and to industrial users within the port area, including the design and construction of the necessary infrastructure elements, including storage, where necessary; and in the design and development of a system for the management of energy flows, including the involvement of other companies from the respective groups.

Enel’s Eugenio Montale power plant in La Spezia (Liguria region) will be used as an initial test site for the activities covered by the agreement, thus launching a sustainable energy transition path for the site.

In the context of the energy transition, hydrogen can make a valuable contribution to the decarbonization of energy-intensive industries such as chemicals, aviation, maritime transport and non-electrified railways, provided it is produced in a sustainable manner, Fincantieri stated in a prepared announcement.

Enel Green Power is committed to the creation and development of projects for the production and use of ‘green’ or ‘renewable’ hydrogen, derived from the electrolysis of water-powered exclusively by renewable electricity. The Group has therefore started studying new business models that include the supply of green hydrogen for the decarbonization of industrial sectors, with partnerships and projects already being developed in Italy, Chile, the United States and Spain.

According to the two companies, this MoU may also lead to further agreements.