Under a Letter of Intent (LoI), TES could supply Energie 360° with around 1TWh of eNG annually from 2027 and in return Energie 360° wants to supply CO2 to TES from its own energy plants.
Zurich-based Energie 360° has the aim to supply its customers exclusively with renewable energy by 2040.
TES uses recycled CO2 as the transport medium for green hydrogen, as it is captured at source and then transported to locations where it can be combined with green hydrogen to create eNG.
Jörg Wild, CEO of Energie 360°, said, “In the future, there will still be industrial companies that need gas – especially for special high-temperature applications – but we want to offer this gas completely from renewable sources. The transformation of the energy system from fossil to renewable is a major challenge.”
Traditional gas is being used less and less for heating and cooking in Switzerland, so therefore Energie 360° is implementing systems that use renewable energy sources, such as energy networks or integral solutions.
The City of Zurich holds a 96% share in Energie 360°, which supplies the metropolis, and 42 other communities, with increasing amount of renewable energy.
Marco Alverà, CEO of TES, added, “We are pleased to support Energie 360°’s efforts to decarbonise by offering them cost-effective, green energy.
“Energy suppliers play a critical role in the energy revolution realising the goal of Net Zero and actively contributing to a true circular economy.”
TES is a global hydrogen company that aims to achieve Net Zero emissions future by decarbonising the energy supply chain.
Last year, TES signed an agreement with German utilities provider EWE to build a 500MW electrolyser at its planned Green Energy Hub in Wilhelmshaven, Germany.
Expected to commence operation in 2028, with the initial 500MW capacity is expected to be doubled with a later addition of another electrolyser unit, reaching GW of capacity.
Read more: TES signs agreement with EWE to build 500MW electrolyser at Wilhelmshaven
TES also announced it partnered with Fortescue Future Industries (FFI) to develop the ‘world’s largest’ green hydrogen integrated project, to bring green molecules to Europe.
Under the partnership, FFI will make an equity investment of €30m to become a strategic shareholder in TES, as well as invest €100m for a significant stake in the construction of TES import terminal in Wilhelmshaven.
Read more: TES, FFI partner to develop supply chain of 300,000 tonnes of green hydrogen for Europe
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