ATOME Energy, a green hydrogen and ammonia production company and offshoot of President Energy PLC, is due to join the AIM segment of the London Stock Exchange in mid-December.
We spoke to Olivier Mussat, the recently appointed CEO of ATOME Energy, about the company’s planned projects which are situated in Iceland and Paraguay. Both countries were selected as they have available baseload green generated electricity on tap 24/7 and available domestic-end markets with export potential in EU and Mercosur countries.
Currently, over 90 per cent of hydrogen is produced from hydrocarbons. Green hydrogen is produced from renewable electricity is the only truly sustainable option. Both green hydrogen and ammonia are considered future fuels and will be key vital for the decarbonisation of hard-to-abate industries such as shipping, heavy goods transport and agriculture.
Olivier discusses why now is the time to invest in green hydrogen as technology has improved and costs have fallen. With hydrogen being a cornerstone in many governments’ decarbonisation strategies, there is also the political will to make green hydrogen commercially available.
With the support of the governments in Paraguay and Iceland, ATOME has key MOUs and Co-operation Agreements already in place with the national power suppliers and land providers, with Power Purchase Agreement discussions advancing. ATOME’s objective is to commence the first phase of production by the end of 2023, ramping up to the project’s full 350-megawatt capacity by mid-decade.
The upcoming listing will position ATOME as one of the first dedicated green hydrogen and ammonia production companies listed in London.
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