Doral Energy and H2Pro sign strategic pact for 200 MW electrolyzers for green H2 projects
H2Pro and Doral Energy have announced the signing of a strategic purchase agreement. Doral, as a global renewable energy developer, with 15 GW of renewable assets under development, is planning to execute a large green hydrogen project pipeline worldwide.
To support this plan, Doral secured access to 200 MW of H2Pro's E-TAC systems for its projects in Europe, the United States, and Israel and will purchase minimum quantities subject to E-TAC system performance.
Beyond investing in H2Pro via Doral Energy-Tech Ventures, Doral's Corporate VC, the first step of the partnership is already taken as H2Pro and Doral launched the project of a pilot system of 0.4 MW scheduled for 2023 in Kibbutz Yotvata, Israel. The project is supported by the Israeli Ministry of Energy. Green Hydrogen will be produced by H2Pro's E-TAC technology. Doral develops a photovoltaic plant that will produce electricity for the project. The hydrogen will be blended with natural gas for use in the nearby Yotvata dairy factory.
Alongside its partners, Doral is also leading the efforts to develop a subsequent project extension into a 30 MW Hydrogen hub based on H2Pro's technology. After these first projects, H2Pro will continue supplying E-TAC electrolyzers according to the agreement until 2030.
"Doral is in the forefront of global, tech-driven renewable energy development, that goes far beyond green electrons. As part of our "Green Energy" strategy, we are tapping into the green molecules' world with various applications such as producing green and clean hydrogen to support the decarbonization efforts of our corporate partners. The collaboration with H2Pro will not only diversify and secure our supply chains but also demonstrate best-in-class green hydrogen production in competitive pricing." Said Yaki Noyman, CEO of Doral.
"By signing this agreement, the collaboration with Doral has taken a big step forward in laying the groundwork for a significant gradual deployment. A pilot in Yotvata with Doral is planned for 2023. This will follow the first pilot of 0.4 MW planned with the Bazan refinery also in 2023. H2Pro will benefit from Doral's access and renewable integration experience in its global projects through this agreement." Said Talmon Marco H2Pro's CEO.