SEFE Securing Energy for Europe has signed a Memorandum of Understanding (MoU) with the Saudi energy group ACWA Power to produce green hydrogen in Saudi Arabia and supply it to Europe. Under the terms of the MoU, partners aim to set up a hydrogen bridge between Saudi Arabia and Germany, with an initial target of supplying 200,000 t/year of green hydrogen by 2030.
SEFE GmbH (Securing Energy for Europe) took over the activities of Gazprom Germania, that was put under Germany's state trusteeship in 2022, and now holds a customer portfolio of 200 TWh/year. The company is developing hydrogen transport and storage infrastructure in Germany. Indeed, SEFE is converting parts of its 4,100 km GASCADE pipeline network for hydrogen transport under the FLOW project, is building a new hydrogen offshore pipeline (AquaDuctus) in the North Sea, and is developing a large-scale facility in Jemgum capable of storing up to 500 GWh of hydrogen.