H2Pro and Doral Energy have announced the signing of a strategic purchase agreement. Doral, as a global renewable energy developer, with 15 GW of renewable assets under development, is planning to execute a large green hydrogen project pipeline worldwide. To support this plan, Doral secured access to 200 MW of H2Pro's E-TAC systems for its projects in Europe, the United States and Israel and will purchase minimum quantities subject to E-TAC system performance.Beyond investing in H2Pro via Doral Energy-Tech Ventures, Doral's Corporate VC, the first step of the partnership is already taken as H2Pro and Doral launched the project of a pilot system of 0.4 MW scheduled for 2023 in Kibbutz Yotvata, Israel. The project is supported by the Israeli Ministry of Energy. Green Hydrogen will be produced by H2Pro's E-TAC technology. Doral develops a photovoltaic plant which will produce electricity for the project. The hydrogen will be blended with natural gas for use in the nearby Yotvata dairy factory.Alongside its partners, Doral is also leading the efforts to develop a subsequent project extension into a 30 MW Hydrogen hub based on H2Pro's technology. After these first projects, H2Pro will continue supplying E-TAC electrolyzers according to the agreement until 2030.Founded in 2019 and based in Caesarea, Israel, H2Pro develops E-TAC - a revolutionary method for producing green hydrogen by splitting water that is over 95% efficient, safe and cost-competitive with fossil-fuel hydrogen. H2Pro's technology, known as E-TAC (Electrochemical - Thermally Activated Chemical), uses electricity to split water into hydrogen and oxygen. However, unlike electrolysis, hydrogen and oxygen are produced at separate steps. This eliminates the need for a costly membrane, allows for a simpler construction and significantly lowers power consumption compared to electrolysis.H2Pro is backed by leading investors and strategic partners, such as Breakthrough Energy Ventures, Temasek, Horizons Ventures, ArcelorMittal, Yara Growth Ventures, Hyundai, Sumitomo Corporation, Bazan and New Fortress Energy. E-TAC is based on years of research conducted by its founding team at the Technion, Israel Institute of Technology. H2Pro is the winner of Shell's 2020 New Energy Challenge.
H2Pro and Doral Energy have announced the signing of a strategic purchase agreement. Doral, as a global renewable energy developer, with 15 GW of renewable assets under development, is planning to execute a large green hydrogen project pipeline worldwide. To support this plan, Doral secured access to 200 MW of H2Pro's E-TAC systems for its projects in Europe, the United States and Israel and will purchase minimum quantities subject to E-TAC system performance.Beyond investing in H2Pro via Doral Energy-Tech Ventures, Doral's Corporate VC, the first step of the partnership is already taken as H2Pro and Doral launched the project of a pilot system of 0.4 MW scheduled for 2023 in Kibbutz Yotvata, Israel. The project is supported by the Israeli Ministry of Energy. Green Hydrogen will be produced by H2Pro's E-TAC technology. Doral develops a photovoltaic plant which will produce electricity for the project. The hydrogen will be blended with natural gas for use in the nearby Yotvata dairy factory.Alongside its partners, Doral is also leading the efforts to develop a subsequent project extension into a 30 MW Hydrogen hub based on H2Pro's technology. After these first projects, H2Pro will continue supplying E-TAC electrolyzers according to the agreement until 2030.Founded in 2019 and based in Caesarea, Israel, H2Pro develops E-TAC - a revolutionary method for producing green hydrogen by splitting water that is over 95% efficient, safe and cost-competitive with fossil-fuel hydrogen. H2Pro's technology, known as E-TAC (Electrochemical - Thermally Activated Chemical), uses electricity to split water into hydrogen and oxygen. However, unlike electrolysis, hydrogen and oxygen are produced at separate steps. This eliminates the need for a costly membrane, allows for a simpler construction and significantly lowers power consumption compared to electrolysis.H2Pro is backed by leading investors and strategic partners, such as Breakthrough Energy Ventures, Temasek, Horizons Ventures, ArcelorMittal, Yara Growth Ventures, Hyundai, Sumitomo Corporation, Bazan and New Fortress Energy. E-TAC is based on years of research conducted by its founding team at the Technion, Israel Institute of Technology. H2Pro is the winner of Shell's 2020 New Energy Challenge.
