Having secured $30m Series-A funding, Green Energy Park (GEP) is a step closer to building its large-scale renewable hydrogen production and export terminal facilities.

GEP was founded in 2023 with the ambition of producing renewable hydrogen at scale. To do so it would need to build a minimum of eight production plants to supply a global distribution network.

The first of these locations is in the state of Piauí in north-east Brazil. Here GEP will build a 10.8GW green hydrogen production plant over 310 hectares, which has the capacity to produce 2.4m tonnes of renewable hydrogen.

GEP has announced it has secured $30m in Series-A funding to develop the production plant and has also obtained the long-term rights to the nearby port terminal facilities of Luís Correia.

From the Luís Correia port, the ammonia produced (ammonia is hydrogen in a chemically bound form) will be transported to a midstream hub on the Adriatic island of Krk, Croatia, as well as to other worldwide ports including in...