Hy2gen USA inks MoU with Ocean Connect Energy

In Oregon, Hy2gen USA Inc., the US subsidiary of global green hydrogen producer Hy2gen, and offshore wind energy developer, Ocean Connect Energy (OCE), have executed a Memorandum of Understanding (MoU) for the mutual investigation of the potential to power renewable hydrogen production from offshore wind. The MoU formalizes a collaboration between the two companies to identify, evaluate, and develop favorable locations to power Hy2gen’s renewable hydrogen and e-fuel production from the gigawatt-scale offshore wind energy generation that OCE develops in the USA and worldwide, Hy2Gen said. Hy2gen and OCE have formed a 10-month working group to identify and mature high-capacity offshore wind energy areas where project development may be held back by constrained grid transmission, low electricity demand, or other factors. “Where green hydrogen production can be built near the point of interconnect from offshore wind energy generation, we have the potential to create predictable and lasting demand for the energy. This makes the need for new grid transmission less urgent and the need for infrastructure investment less substantial, while accelerating wind energy project execution,” said David White, president of Hy2gen USA. “Green hydrogen can change the paradigm of where offshore wind is developed,” said Kevin Banister, chief executive officer of Ocean Connect Energy.

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