UK export credit agency offers over GBP 5bn for green H2 in Chile
Sep 13, 2024 15:00 CESTFrench energy group Engie (EPA:ENGI) and research organisation Mining3 have secured CLP 252 million (USD 326,500/EUR 276,000) in financing for their Hydra renewable hydrogen powertrain project in Chile.
The funding has been allocated by Chilean economic development agency CORFO to support part of the project to design and supply a new powertrain for mining vehicles to run on green hydrogen instead of diesel.
Engie and Mining3 will begin with a pre-feasibility and engineering study of the powertrain and the renewable hydrogen refuelling system for mining trucks. Then they will proceed with the design and fabrication of a fuel cell and battery powertrain prototype with a capacity between 100 kW and 200 kW, and test its performance under mining conditions. This will be followed by competitiveness studies for technical and economic validation of the technology.
The end objective is to scale up the solution to convert mining vehicles of several mining sites in Chile, according to the announcement.
(CLP 100 = USD 0.130/EUR 0.109)
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