ENGIE joins forces with the Brazilian H2 Association, to accelerate the adoption of green H2 technologies in Brazil.
In line with its global purpose for accelerating the transition to a carbon-neutral world through reduced energy consumption and more sustainable solutions, ENGIE announces that it has joined the Brazilian Hydrogen Association (ABH2) becoming the first company in the energy sector to become a member of the entity.
ENGIE’s objective is to ramp up its business in the green hydrogen segment, one of the key growth areas in the Group both worldwide and in Brazil. Joining the Association and fostering partnerships and studies in this area reinforces ENGIE’s goal of bringing the Company’s net emissions down to zero by 2045 as well as diversifying its operations into new renewable fuels.
“We believe that through a joint effort with ABH2, we can drive the applied research in advancing the use of green hydrogen by industry on a commercial scale ”, says Koen Langie, Business Development Manager for Green Hydrogen at ENGIE Brasil.
In addition to collaboration at the technical-scientific level, another focus of the partnership with the Association involves professional training. “We have to develop human capital in Brazil to ensure the development of green hydrogen projects”, Langie adds.
For Langie, the Brazilian hydrogen market depends on appropriate regulation to develop. In this context, the work of ABH2 and its other members is to provide opportunities for leveraging a normative and regulatory framework in the country, establishing a business environment that is both competitive and attractive to investors. ENGIE sees an opportunity to develop solutions for such segments as steel making, mining, chemicals, petrochemicals, among others.
According to Paulo Emílio Valadão de Miranda, ABH2’s president, the entity, founded in 2017, aims to create a network involving companies, academia, agencies, and government institutions to discuss, foster and plan initiatives in the field of hydrogen with an initial focus on regulation, codes and standards. ABH2 has been developing an intense agenda of meetings with its corporate membership to understand their needs and encourage the adoption of hydrogen energy-related technologies in Brazil. In addition, the Association has acted in conjunction with EPE (Energy Research Company), the MME (Ministry of Mines and Energy) and MCTI (Ministry of Science and Technology and Innovation) on themes related to the National Hydrogen Program, which is to be implemented this year in Brazil, so that its associates are able make a positive contribution to the process. In this context, ABH2 plans to announce important achievements in the field of hydrogen in Brazil through the intermediary of the 2nd Brazilian Hydrogen Congress to be held in virtual format in November 2021.
“Since last year, in light of the recent hydrogen sector growth and enhanced interest in this energy solution, the Association has been putting out feelers to the private sector as a whole and individual companies. Today we see a trend towards identifying investment sources for large scale green hydrogen projects to decarbonize various sectors of the economy, especially those responsible for heavy emissions”, remarks Monica Saraiva Panik, director for institutional relations at ABH2.
GLOBAL GOAL
Globally, ENGIE’s objective is to establish a strong position in green hydrogen, an emerging technology gaining momentum worldwide. The Group’s aim is thus to leverage on the first-mover advantage in this segment.
In ENGIE’s view, hydrogen is a strategic vector of decarbonization, allowing better integration of renewable energies and helping hard-to-abate sectors attain their goals to reduce emissions. Furthermore, the technologies associated with green hydrogen are becoming increasingly competitive.
By 2030 ENGIE aims to develop 4GW of green hydrogen industrial capacity, install 700 km of dedicated hydrogen transmission networks and operate more than 100 refueling stations by 2030. The Group is already active in 70 industrial green hydrogen projects (with 20 projects > 50MW) in 10 countries.
ABOUT ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 97,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. Turnover in 2022: 82.6 billion Euros.
In Brazil, ENGIE, leader in 100% renewable power generation in the country, operates in generation, commercialization and transmission of electric power, gas transport and energy solutions. The Company
has in the country an installed capacity of 12,5 GW, originated from renewable sources and with low GHG emissions, such as hydro, solar and biomass power plants, and windfarms.
With the acquisition of Transportadora Associada de Gás – TAG, ENGIE now also owns the largest natural gas transportation network in the country, at 4,500 km and transecting 10 states and 191 cities.
The Group has a complete portfolio of integrated solutions focused on reducing costs and improving the infrastructure for companies and cities, such as energy efficiency, public lighting, energy monitoring and management.
With 2,800 employees, ENGIE’s turnover in Brazil in 2023 was of R$ 11.7 billion. ENGIE trades on the B3 through its energy generation and trading company, ENGIE Brasil Energia, under the ticker EGIE3. In addition to being a B3 Novo Mercado component, the Company is one of the very few companies that have been listed in the Business Sustainability Index since its creation in 2005. In 2021, ENGIE Brasil Energia was included in the Carbon-Efficient Index (ICO2), made up of IBrX 100 companies that are most transparent in terms of GHG emissions reporting and how they are preparing for a low-carbon economy.
The company also received in May 2024 the certification Great Place to Work, a recognition which validates the continuous commitment of the company to create a positive and inclusive work environment for all.
The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris – Europe 120/France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).