Tree Energy Solutions (TES) and ZEG Power (ZEG) announced the signing of a Letter of Intent (LOI) to jointly explore opportunities for green H2 production in Germany. The collaboration aims to accelerate the transition to a sustainable energy future by leveraging ZEG’s novel green H2 production technology integrated with carbon capture.
As part of this agreement, TES has awarded ZEG a feasibility study to assess the viability of implementing ZEG’s technology and to evaluate the technical, economic and environmental aspects of deploying an initial demonstration plant, paving the way for potential large-scale deployment of the technology.
Arild Selvig, CEO of ZEG, expressed enthusiasm about the collaboration: “We are thrilled to partner with TES to explore clean H2 production opportunities in Germany. The ZEG technology can significantly reduce carbon emissions and contribute to a more sustainable energy mix. This collaboration aligns perfectly with our mission to empower the world with clean energy.”
“This initiative aligns with TES’ aim to democratize access to reliable and affordable green energy through existing infrastructure to end-customers. The partnership with ZEG marks the beginning of a collaborative effort to advance decentralized green H2 production from eNG while capturing the CO2,” said Jens Schmidt, Chief Technology Officer at TES.