Our Proposal

While our ambitions extend to many different industries and technologies, Green PowerHouse is currently focused on the green hydrogen economy. Why? Because, it is a clean energy source that is technologically mature and has recently gained massive attention from energy-hungry geographies that lack solar and wind power capacities – from Europe to North America and beyond. This situation represents a new source of significant and reliable revenue that promises to keep delivering for the foreseeable future.

We have at our disposal proven green hydrogen technology that is ready to be deployed at scale and is sufficiently advanced to meet the European Green Deal requirements. The key is to bring both investors and low-emissions, sustainable technology to the South. Issuing an ESG Eurobond under a well-structured SDG framework is a great initial step. Yet, green Eurobonds don’t contribute to the development of a vibrant local market.

We are convinced that building a solid Ministry of Finance-owned green portfolio of local currency blended finance vehicle is not only achievable, but it is the best way forward to get local bonds directly connected to international investors.

The technological building blocks of green hydrogen can be summed up as follows:

1/

Hydrogen production using water as a raw material and renewable energy to power the electrolysis production process.

2/

Near- and onsite hydrogen usage e.g. in the local steel and cement industries

3/

Conversion of hydrogen to ammonia (comprising hydrogen and nitrogen) via synthesis for cheap and safe transport to point of use, including export destinations

4/

Reconversion to hydrogen at point of use by means of the catalytic cracking process, setting harmless nitrogen free and capturing energy-rich hydrogen.

5

Alternatively, the resulting ammonia can be sold for use in biofuel production and/or in fertilizer manufacture