The companies team up to accelerate the development of NewGen’s Green Hydrogen Project and deliver decarbonized hydrogen to Point Lisas by 2023
Friday July 3rd 2020, Bordeaux, France.
Kenesjay Systems Limited (Kenesjay) has signed a Letter of Intent (LOI) with the French hydrogen specialist HDF Energy to establish a partnership for the development of the NewGen Carbon-Neutral & Green Hydrogen project. The main partnership principles and terms are now under discussion for a comprehensive MoU that is expected to be signed this summer. This will signal a longer-term collaboration between the two firms for similar projects in the future.
By introducing a new source of carbon neutral and green hydrogen to the petrochemical sector of Point Lisas at a competitive cost, the NewGen Hydrogen Project will play a key role in the drive towards a decarbonizing transition of the T&T energy industry. The hydrogen will be generated on an industrial scale from carbon-neutral and renewable sources of electricity using an electrolysis process.
As a project developer and long term-investor, HDF Energy is strengthening its position in the Caribbean where it has successfully implemented the first hydrogen infrastructure participating to the de-carbonization of the electricity sector in Martinique. Plans by the company are well underway for the construction of the world’s largest hybrid power plant with hydrogen storage in nearby French Guiana. A similar project is also under development in Barbados.
Their hydrogen expertise complements the rich experience that Kenesjay has had over its 20 year history of project development and consulting in the energy sector of Trinidad and Tobago. This combination promises to deliver the NewGen Project with exceptional results.
Expressing excitement at the collaboration, Damien Havard, CEO of HDF Energy says, ‘We are excited to be working with NewGen and Kenesjay which has extensive experience and in-depth knowledge of the energy sector in Trinidad. We believe that NewGen will be the gateway project to a green hydrogen economy in Trinidad and Tobago, and that the model can be successfully duplicated given the extensive local demand for hydrogen.”
Harvard also guaranteed that HDF will ensure that the project benefits from the best available technology, performance and cost efficiencies– resulting in competitive decarbonization of ammonia production. He also stated that “This partnership strengthens our unique position as the preferred infrastructure developer for hydrogen-related projects in the Caribbean and at the international level.”
Speaking at the signing of the LOI, Philip Julien, Managing Director of Kenesjay said, ‘We recognized the value that HDF Energy could bring to the NewGen project, as they have developed the first Caribbean based decarbonizing hydrogen project in an industrial context. HDF’s experience in large scale development projects within the region, and its active participation in a range of private competitive tenders for electrolysers, make them an ideal partner.”
He affirmed that as NewGen was incorporated by Kenesjay as its project sponsor, it will have access to Kenesjay’s deep knowledge of the petrochemical and energy sector in Trinidad and Tobago, and thereby become a pivotal player in the evolution of the local industry.
About HDF Energy: HDF Energy is a French-based project developer specialized in hydrogen large scale infrastructure projects. It operates globally with projects under development in a dozen of countries. It is also a supplier of 1.5 MW hydrogen Fuel Cells with a facility under development in France using world leader Ballard Power Systems core technology. HDF Energy achieved a world first-of-a-kind in the Caribbean region in 2019, inaugurating a 1MW fuel cell producing electricity to the grid using purified hydrogen for 15 years. The project was implemented in SARA refinery, Martinique. In 2020 HDF Energy will commence construction on the world’s first Renewstable® power plant in French Guiana ‘CEOG’ combining 60 MW solar with 120 MWh of hydrogen and battery storage to supply power 24/7 to some 50,000 inhabitants with non-polluting, competitive electricity. The project is being delivered through an international EPC and involves a competitive purchase of 16 MW of electrolysers and pressurized hydrogen storage. More information can be found at : www.hdf-energy.com – www.cleargen.eu/the-site www.ceog.fr/home – www.renewstable-barbados.com
About Kenesjay Systems: Kenesjay Systems Limited is a Trinidad-based project development and consulting firm founded in 1998, with its core business of securing a sustainable energy supply for Trinidad, Tobago, and the Region. Kenesjay provided project development and management services for the CNC Ammonia Plant in Point Lisas, producing 630,000 metric tons of ammonia per year. They have also performed Natural Gas Master Plan Studies in Trinidad and Africa, and Electricity Utility Studies within the Caribbean. More information can be found at Kenesjay Systems Limited