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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Eni Spa | BIT:ENI | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.116 | -0.78% | 14.708 | 14.662 | 14.80 | 14.854 | 14.656 | 14.846 | 8,546,828 | 17:00:00 |
From May 2019 to May 2024
By Giulia Petroni
Eni SpA and Enel SpA are partnering to develop green hydrogen projects through the use of electrolyzers powered by renewable energy.
The two Italy-based energy players said Wednesday that two pilot projects, which aim to supply qualified Eni refineries, are expected to start generating hydrogen from renewable energy by 2022-2023. Each of them will feature an electrolyzer of around 10 megawatts.
"We are looking forward to seeing green hydrogen supplying Eni's refinery and biorefinery processes, and are working to have the first operating system in place before the end of our current three-year plan," said Enel's Chief Executive Officer Francesco Starace.
Mr. Starace said the companies envision a system where the electrolyzer and the refinery are in the same location in order to avoid complex infrastructure to transport hydrogen.
Enel is currently also developing green-hydrogen projects in Spain, Chile and the U.S. It plans to reach a green-hydrogen capacity of over 2 gigawatts by 2030.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
December 02, 2020 05:18 ET (10:18 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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