MOROCCO – The Swedish enterprise S2H2+Bm has revealed ambitious designs for the establishment of a green hydrogen production facility in Morocco by the year 2025.
Anticipating an astounding production capacity of 500,000 tonnes of green hydrogen annually from this Moroccan plant, the company envisions a transformative impact on the green hydrogen market.
Outlined in a White Paper shared on their LinkedIn page, S2H2+Bm articulates its strategy to disrupt the green hydrogen landscape, with the initiation of production slated for 2025 and the Moroccan plant projected to yield 500,000 tonnes annually by the year 2030.
Spearheaded by Magnus Pousette, the CEO and founder, the company aims to harness innovation for a revolutionary shift in green hydrogen production methodologies.
This proposed plant represents a significant stride in Morocco’s aspiration to emerge as a key contributor in the burgeoning global green hydrogen supply chain.
S2H2+Bm’s blueprint involves an initial phase featuring the installation of 15 megawatts peak (MWp) photovoltaic panels to power a 3.1 megawatt (MW) hydrogen plant.
This phased approach is strategically designed to accommodate the escalating demand, allowing for a gradual scaling of production capabilities.
Moreover, the company foresees an exceptionally competitive production cost of less than US$2 per kilogram of green hydrogen in Morocco.
Pousette attributes this cost advantage to the utilization of low-cost elements in renewable energy production, particularly leveraging solar energy, as opposed to relying on intricate electrolyzer technology.
Having already filed patent applications for innovative panel mounting solutions, S2H2+Bm has received positive feedback from Moroccan authorities.
Pousette expresses satisfaction with the support received from the Moroccan government, citing their positive reception to the company’s approach, which aims to create unparalleled value for the local community.
While the specific location of the forthcoming plant remains undisclosed, indications point toward the southern region of Morocco, identified as a “world-class PVPP (Photo-Voltaic Power Potential) location” in the document.
Pousette underscores the suitability of the southern half of Morocco for their PVPP site, emphasizing efficient and cost-effective energy production through elevated panel solutions.
To facilitate the export of green hydrogen to the European market, S2H2+Bm has developed transport solutions employing high-pressure tubes in standard containers initially, with plans for specialized tankers in the future.
Looking ahead, Pousette reveals intentions for additional capital infusion in the first quarter of 2024. Round 6 is anticipated to conclude in Q1 2024, with the company actively seeking investors and strategic partners to bolster their Moroccan venture.
Detailed information on this capital-raising initiative will be communicated in December, with a focus on engaging targeted strategic investors and partners.
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