Electric Power Development Co., Ltd. (J-POWER), a power generation company headquartered in Tokyo, Japan, and YamnaCo Ltd., a global green H₂ and derivatives developer and investor registered in London, UK, have announced the signing of an agreement for the joint development and investment in green H₂ and derivatives projects globally.

The partnership, stemming from a period of collaborative development efforts on green H₂ projects and a successful working relationship, takes roots in the excellent synergies between the two organizations:

• J-POWER is a power generation company aiming net zero CO₂ emissions by 2050. Through its Blue Mission 2050 initiative, released in 2021, the group has committed to reduce its CO₂ emissions by 46 % in 2030 and to achieve net zero by 2050. To achieve this goal, the group is planning to steadily replace coal-fired power plants with CO₂-free H₂ and ammonia power generation ones.
• Yamna is a leading green H₂ developer and investor. The company is actively engaged in the identification and development of several green H₂ and derivatives projects, with a focus on the most concrete and imminent use-cases, among which green ammonia production in regions with world-class renewable energy resources with an export angle to the most attractive demand centers, such as Japan.

Under the partnership, the parties agreed to jointly develop and invest into green H₂ projects worldwide which are either based on Yamna’s existing pipeline or additional projects to be jointly originated. Based on the agreed collaboration framework, the Parties will establish specific agreements for any project they jointly engage in.

Hiroyasu Sugiyama, J-POWER Executive Vice President said, “We are glad to collaborate and develop jointly with Yamna as an excellent developer, which has structuring expertise in the domain and a common spirit to achieve net-zero-emissions. H₂ is an important technology in enabling decarbonization worldwide. We hope to bring back what we learn from our activities to contribute to achievement of carbon neutrality.”

Abdelaziz Yatribi, Yamna Chief Executive Officer said, “We are honored to partner with one of the power generation companies making concrete steps in steering the industry with ambitious decarbonization targets. We have found in J-POWER an excellent partner with complementary attributes, and are looking forward to announcing exciting common projects news very soon.”