Electricity Generating Public Company (EGCO), the power generation arm of the state-run Electricity Generating Authority of Thailand, has joined hands with Hong Kong-based Diamond Generating Asia, a wholly owned subsidiary of Mitsubishi Corporation, to study and develop the value chain of hydrogen-related businesses in Australia.
As per the MoU (memorandum of understanding), Egco and Diamond Generating Asia, a clean electricity generation firm, aim to produce green hydrogen at the 113-megawatt Boco Rock wind farm in New South Wales, Australia, which is wholly owned by Egco.
Egco sees an opportunity to invest in this type of clean energy and related businesses, said Thepparat Theppitak, President of Egco. “The investment can support continuous business growth and drive Egco towards its long-term goal to achieve a net-zero target, a balance between greenhouse gas emissions and absorption by 2050, as the company is committed to using cleaner energy to drive its sustainable growth. Hydrogen has the potential to drive the transition of energy sources from fossil to green energy,” he noted.
“The study team is ready to put together expertise in the power and energy markets to conduct a feasibility study of renewable energy and the development of the value chain of hydrogen-related businesses,” he said.
Shinichiro Suzuki, Chief Executive of Diamond Generating Asia, said, “The company wants to focus on strengthening the entire supply chain of clean energy, such as hydrogen. We are committed to using our expertise and experience in helping Egco achieve its 2050 ambition.”
The agreement comes after Egco’s earlier announcement of hydrogen fuel usage in the US under its hydrogen blending programme. The company adopted the combined combustion of both natural gas and off-gas, including hydrogen, at the 172-MW Linden Cogen Unit 6 in New Jersey.
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