Meridian And NZAS Sign Long Term Contracts
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Saft energy storage system to support New Zealand s transition to low-carbon electricity
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Will Tiwai Point become the world s first green hydrogen factory?
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Thursday, 22 July 2021, 12:08 pm
Contact Energy and Meridian Energy are seeking
registrations of interest to develop the world’s largest
green hydrogen plant. The plant has the potential to earn
hundreds of millions in export revenue and help decarbonise
economies both here and overseas, according to a new
McKinsey & Co report.
Green hydrogen is regarded
as the most promising energy source to decarbonise sectors
such as heavy transportation and industrial processes that
currently rely on fossil fuels. It is produced by using
renewable electricity to split water into hydrogen and
oxygen.
The McKinsey & Co report was commissioned
by Meridian and Contact, who are investigating the use of