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Chile to Accelerate its Green Hydrogen Industry with World Bank Support

The US$150 million loan will promote investment in green hydrogen projects, accelerating the country’s green growth, energy transition and supporting its commitment to carbon neutrality by 2050.

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World Bank Backs Chile's Green Hydrogen Industry Growth

World Bank Backs Chile's Green Hydrogen Industry Growth
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World Bank approves $150 million loan to boost green hydrogen investment in Chile

In a significant move towards promoting sustainable energy solutions, the World Bank Board of Directors has approved a loan of $150 million to support green hydrogen projects in Chile. This loan marks the World Bank's first endeavor in promoting green hydrogen and aligns with Chile's commitment to achieving carbon neutrality by 2050. The investment aims to accelerate the country's green growth, energy transition, and foster a resilient and inclusive economic development.

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Anglo American to build green hydrogen hub in Chile

Anglo American to build green hydrogen hub in Chile
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Porsche efuel Factory To Come Up In Chile, Production To Start Mid-2022

Porsche efuel Factory To Come Up In Chile, Production To Start Mid-2022
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Investegate |ITM Power PLC Announcements | ITM Power PLC: Energy and Mining Ministry Delegation from Chile

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About ITM Power plc:
ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a £58.8 million fundraising, including an investment by Linde of £38 million, together with the formation of a joint venture with Linde to focus on delivering renewable hydrogen to large-scale industrial projects worldwide. ITM Power signed a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. In November 2020, ITM Power completed a £172m fundraising, including a £30m investment by Snam, one of the world's leading energy infrastructure operators. ITM Power operates from the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum. ITM Power received an order for the world's largest PEM electrolyser of 24MW from Linde in January 2021. Other customers and partners include Sumitomo, Ørsted, Phillips 66, Scottish Power, Siemens Gamesa, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, GNVert, National Express, Toyota, Hyundai and Anglo American among others.

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ITM Power hosts delegation from Chile at Sheffield electrolyser factory | 28 June 2021

ITM Power hosts delegation from Chile at Sheffield electrolyser factory | 28 June 2021
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