HIF Global selects Siemens Energy for supply of electrolyzers to the new Texas eFuels facility
HIF Global plans to install 1.8GW of electrolyzers in HIF Matagorda
HOUSTON, March 8, 2023 /PRNewswire/ — HIF Global, Siemens Energy, the world’s largest eFuels company and HIF Global reached an agreement that would allow Siemens Energy expand its electrolyzer manufacturing capabilities beyond what was previously planned. HIF Global will be able to obtain sufficient capacity to support the HIF Matagorda eFuels Facility with this agreement. The combined expected capacity of the electrolyzers will be approximately 1.8 gigawatts, (GW) and can support around 300,000 tonnes of green hydrogen production each year.
Cesar NortonHIF Global’s CEO, Robert Hif Global said that “We face an extraordinary expansion in hydrogen production, amid global supply chain problems.” The agreement with Siemens Energy permits electrolyzer deliveries that could be used to support construction of the HIF Matagorda eFuels Facility as early as 2024. We are looking forward to launching construction at the pioneering site. Texas Siemens Energy’s industry-leading electrolyzer design, manufacturing and strength makes green hydrogen and electric fuels possible.
Stefano InnocenziSVP Sustainable Energy Systems of Siemens Energy, Jeremy Sullivan, stated that hydrogen and powertoX applications such eFuels would play a major role in the transition to clean energy. This new industry requires many projects, large and small, as well investors and off-takers that are open to making a commitment for the future. These agreements allow us to plan with certainty and provide the basis for accelerating the technology as well as the industry in general.
HIF Matagorda eFuels Facility, which is located in Matagorda County Texas. HIF, Siemens Energy and the front-end engineering of 1.8 GW Silyzer 300 Polymer Electrolyte Membran (PEM) electrolyzers. They will be using renewable energy to separate hydrogen and water. This will produce approximately 300,000. tonnes of hydrogen annually. The carbon-neutral, green hydrogen and recycled carbon dioxide will be combined to make eFuels. These eFuels are chemically equivalent with fuels of today and can be used to replace existing engines. HIF Matagorda eFuels Facility can convert half a million cars into carbon neutral by 2027 using green hydrogen and eFuels.
HIF Global
HIF Global is the leading eFuels firm in the world. We develop projects to convert hydrogen from low-cost renewable energy into carbon-neutral liquid eFuels, which can be used in existing infrastructure. HIF stands for Highly Innovative Fuels. This is the company’s mission. HIF Chile. USAHIF Global’s wholly-owned subsidiaries include HIF Asia Pacific, HIF Asia Pacific and HIF EMEA. HIF Global produced the first liters synthetic Fuels from Magallanes’ Haru Oni Demonstration Facility. Chile In December 2022 Construction of the commercial-scale HIF Matagorda eFuels Facility is planned. Texas 1Q2024 Visit www. www.hifglobal.com.
Siemens Energy
Siemens Energy is a world-leading energy technology company. Siemens Energy works together with its partners and customers to create energy systems that will last a lifetime. With its portfolio of products, solutions, and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. This portfolio includes both renewable and conventional energy technology, including gas and steam turbines, hybrid power stations that are powered by hydrogen, power generators and transformers. Over 50% of the portfolio is already decarbonized. Siemens Energy, a major shareholder in the listed company Siemens Gamesa Renewable Energy SGRE (SGRE), is a market leader in renewable energies. Siemens Energy technologies account for approximately one-sixth the global electricity generation. Siemens Energy employs more than 92,000 people worldwide in more than 90 countries and generated revenue of around €29 billion in fiscal year 2022. Read more www.siemens-energy.com.
CAUTIONARY INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements as defined by the U.S. federal Securities laws. Forward-looking statements include all statements that are not historical facts. Forward-looking statements are identified by words such as “can”, “expect,” potent,” “to become,” “will” and similar expressions. They convey uncertainty about future events and outcomes. This press release contains forward-looking statements that relate, among others, to our expectations regarding our plans, strategies and objectives, as well as the timing and other aspects, of the HIF eFuels facility. These statements are based upon management’s current expectations, assumptions, and are subject to unknown risks and uncertainties. Actual results and events may differ materially from those expressed or implied by the forward-looking statements. There are many factors that could cause actual results and events to differ materially to those stated in forward-looking statements, including (without limitation), our ability or inability to obtain or keep the necessary permits to build and develop the HIF eFuels facility; our ability and ability to achieve operational objectives on a timely basis; legislative, fiscal, regulatory developments; the outcome and effectiveness of commercial negotiations; our ability or inability to raise financing; consumer preferences and demand; and other economic, business and competitive factors that affect our business. Forward-looking statements in this press release have been disqualified in full by the cautionary remarks contained or referred in this paragraph. HIF Global encourages you to carefully read and consider the cautionary remarks made in this release. It cautions you against placing undue reliance upon forward-looking statements that speak only as of the date this press release was issued. HIF Global expressly disclaims any obligation and assumes no obligation to revise any forward-looking statement, regardless of whether it is updated by future information or not.
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