JERA invest in high-quality Hydrogenious organic liquid hydrogen storage technology in Germany 2023
Organic Liquid Hydrogen JERA Co., Japan largest power generation company Through its subsidiary JERA Americas Inc. An investment agreement and a shareholder agreement were signed with Hydrogenious LOHC Technologies GmbH to invest in Hydrogenious LOHC.
The project (Organic Liquid Hydrogen) is jointly invested by Temasek, Chevron Technology Ventures and Pavilion Capital. JERA Americas is the main investor, investing about 1500 million euros.
Since hydrogen does not emit carbon dioxide when burning, it is expected to be used as a new generation of fuel for thermal power stations to replace fossil fuels, but large-scale maritime transportation is a challenge, and technology for hydrogen energy transport ships is currently being developed.
JERA plans to help solve technical challenges and select cost-competitive operators.
Hydrogenious LOHC, headquartered in Erlangen, Germany, has been developing hydrogen storage and transportation technology. As one of the hydrogen energy carriers, it has a unique organic liquid hydrogen storage (LOHC) technology.
Hydrogen-containing LOHC uses benzyl toluene as a carrier medium to chemically add hydrogen through the hydrogenation process.
LOHC is liquid, and hydrogen can be transported and stored under this environmental condition. It is not inflammable and explosive, and easy to operate. Hydrogenious LOHC is building the world’s largest LOHC plant in Domagen, Germany, which is scheduled to be put into production in 2023.
By investing in the company, JERA will strive to acquire knowledge of LOHC technology as a potential changer in hydrogen energy carriers, and will support the development of LOHC plants in Europe, North America, Asia and other countries, thus contributing to the establishment of a global hydrogen supply chain.
According to the goal of “JERA zero carbon dioxide emissions by 2050”, has been committed to eliminating carbon dioxide emissions from its domestic and foreign operations by 2050, promoting the adoption of greener fuels, and pursuing thermal power that does not emit carbon dioxide during power generation.
They will continue to contribute to the decarbonization of the energy industry through its own active efforts to develop decarbonization technologies while ensuring economic rationality.
Tokyo-based JERA is the largest power generation company in Japan, producing about 30% of Japan electricity. Founded in April 2015, the company is a 50%-funded joint venture between TEPCO Fuel & Power, a wholly-owned subsidiary of Tokyo Electric Company, and Chubu Electric Power of Japan Enterprise.