The European Commission and the European Investment Bank (EIB) have agreed to cooperate on energy, including hydrogen, with Argentina, Chile, and Uruguay. A similar deal with Brazil could also be announced soon. European Commission Üresident Ursula von der Leyen said that Europe will invest more than €45 billion ($50.6 billion) in Latin America and the Caribbean until 2027 via the Global Gateway program. Europe wants to promote renewable energy and energy efficiency, in addition to using hydrogen and its derivatives in applications such as industrial processes, transport, and energy storage.
Profas Energy Consult has partnered with Australia’s Energy Exemplar to model the needs of the hydrogen value chain. The companies plan to optimize hydrogen and power-to-X projects. Profas Energy Consult said that this is the first time that advanced modeling will be used for the hydrogen market.”In a world first, Profas Energy Consult, who specialize in development support and implementation coaching for green hydrogen projects, will work with Energy Exemplar to build on its market-leading modeling software platform, PLEXOS, and optimize hydrogen and power-to-X projects,” said the Australian company, arguing that this is the first time advanced modeling will be used for the hydrogen market.
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