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    TSM1T   EE3100021635

AS TALLINNA SADAM

(TSM1T)
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Delayed Nasdaq Tallinn  -  08:53 2022-09-30 am EDT
1.386 EUR   +0.29%
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AS Tallinna Sadam : Public and private partners unite to develop first nationwide Hydrogen Valley in Estonia

07/05/2022 | 09:43am EDT

In times of widespread energy crisis, the urgency for energy independence and need to green the energy system is felt across Estonia. Anticipating the implementation of European Green Deal legislation, many organisations and cities have committed to become climate neutral to future proof their business. Therefore, the first nationwide Hydrogen Valley ever is now being developed in close cooperation between three regions, one university and five of the largest companies in energy and industry in Estonia. In short, in the coming six years Hydrogen Valley Estonia aims to become/form a complete and full nationwide hydrogen value chain that will accelerate the energy transition and independency of the whole country under the motto 'from zero to green.'

A coalition of public and private partners has formed the Management Team, Steering Group, and a Support Group for Hydrogen Valley Estonia. Founding partners include Port of Tallinn, Tallinn Airport, Alexela, Eesti Energia, Terminal, Tartu University, Municipality of Tartu, Municipality of Pärnu, and the Island of Saarema. These nine partners are included into Management Team and Steering Group and responsible for building the hydrogen strategy, governance, and international recognition for Estonia to become part of a European Large-Scale Hydrogen Valley along the North Sea - Baltic corridor (amongst others the Netherlands, Germany, and Denmark). This will foster economic opportunities for international collaboration, hydrogen export, and EU subsidy schemes.
The Support Group is consisting of the following organizations: XFly; Skeleton Technologies; Stargate Hydrogen; Aviation Academy, Tallinn University of Technology; TS Laevad; Liwathon; Elmo Rent, HHLA TK; Estiko; Keila Municipality; Pölva Rural Municipality; SKYCORP, Tartu County and Lääne-Harju Rural Municipality. The members of the Support Group are invited to bring projects into the Valley scope to further complete the hydrogen value chain in Estonia. Additional partners are welcome to discuss becoming part of Hydrogen Valley Estonia to take part in the core of the developing hydrogen economy.
In the coming six years, green hydrogen production will be developed in at least six regions in the country. Parallel to that, transport and storage infrastructure is developed, including import and export terminal infrastructure, fuelling stations and storage facilities. The hydrogen produced in Estonia will be used for hydrogen fuelling public transport, heavy duty vehicles, rail, shipping, aviation, and other transport modalities. Furthermore, it will be used as feedstock for industry, net balancing and even heating cases in the built environment. Finally, a range of innovation-, research- and development projects are included. At this moment the scope of Hydrogen Valley Estonia includes around 30 projects under development, but more parties and projects are welcome to join.
"Hydrogen Valley Estonia aims to be the central node in the systematic development of the hydrogen economy in Estonia. Without that, Estonia has no perspective on becoming green and energy independent. The coming six years we will focus on kickstarting, and accelerating projects based on onshore hydrogen production, to be ready as an economy for the large-scale uptake of hydrogen based on offshore solutions from 2030 onwards." Petrus Postma - Secretary of the Steering Group
The Estonian Hydrogen Valley development process is led by a consortium of the Estonian Hydrogen Association, and Dutch consultants &flux and New Energy Coalition (world's first Hydrogen Valley HEAVENN). The strategy and governance of the Hydrogen Valley Estonia will be delivered in September 2022, that includes the submission of the European subsidy application to become part of a Large-Scale Hydrogen Valley along the North Sea and Baltic corridor.

Contacts can be established primarily by contacting the Steering Group's secretary Petrus Postma: petrus@nflux.nl / +31610253885 or via the Hydrogen Valley Estonia partners.

Please visit https://vesinikuorg.ee/ for more information.

Disclaimer

Tallinna Sadam AS published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 13:42:08 UTC.


© Publicnow 2022
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Sales 2022 114 M 112 M 112 M
Net income 2022 - - -
Net Debt 2022 - - -
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Yield 2022 5,57%
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Capi. / Sales 2022 3,19x
Capi. / Sales 2023 3,06x
Nbr of Employees 464
Free-Float 32,9%
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Valdo Kalm Chairman-Management Board
Aare Tark Chairman-Supervisory Board
Hanno Hussar Head-Information Technology
Maarika Liivamagi Independent Member-Supervisory Board
Urmas Kaarlep Independent Member-Supervisory Board