Electriq Global Secures €1.1 Million RVO Grant for Innovative Hydrogen Powder Plant in Amsterdam Port
Posted 09/10/2023 11:17
Electriq Global, an Israeli company pioneering groundbreaking hydrogen technology, has been awarded a generous €1.1 million grant by the Netherlands Enterprise Agency (RVO) to support its innovative hydrogen powder manufacturing plant set to be established in the thriving Port of Amsterdam.
Projected to commence operations in 2026, this cutting-edge plant will find its home on the grounds of Zenith Energy Terminals, benefitting from the abundant renewable energy resources provided by Zenith's Renewable Energy division.
The venture's arrival in the Netherlands was made possible through the collaborative efforts of the Netherlands Foreign Investment Agency (NFIA) and 'Amsterdam in business,' a valuable Invest in Holland partner. This development seamlessly aligns with the visionary goals of the Port of Amsterdam and the H2A association, aiming to transform the port into a vital hydrogen distribution center, with ambitious plans to handle a staggering one million tons of hydrogen by 2030.
Dmitry Lisitsin, Head of Powder Solutions at Electriq Global, expressed his gratitude for the grant, saying, "This grant will enable us to continue the design and engineering of the first-of-its-kind Electriq Powder plant. Our breakthrough technology promises to significantly reduce production costs and drastically lower carbon footprint."
Jeff Armstrong, CEO of Zenith Energy Terminals, celebrated the RVO's support for Electriq's Powder plant, affirming their shared commitment to sustainable energy solutions and Zenith's transition towards storing zero-emission fuels at their Amsterdam terminal.
Port of Amsterdam's Chief Investment Officer, Dorine Bosman, lauded the collaborative spirit of the public and private sectors in realizing the hydrogen economy. She underscored the significance of the RVO grant as a testament to the collective dedication towards fostering a greener energy landscape in Dutch and European markets.
Baruch Halpert, Executive Chairman & CEO of Electriq Global, expressed gratitude for the NFIA's initial support and hailed the grant as another significant step in their fruitful collaboration with Dutch partners.
Electriq Global is at the forefront of developing the next generation of hydrogen solid carriers, with their innovative Electriq Powder technology poised to revolutionize the hydrogen industry.