ABO Energy announced the conclusion of a strategic partnership with Hydropulse, a subsidiary of the British company ITM Power plc, specialising in the construction and operation of modular hydrogen production units. The agreement aims to combine ABO Energy’s development expertise and pre-existing projects with Hydropulse’s technological and operational know-how.
An integrated production model
The two companies plan to offer comprehensive solutions ranging from development to financing, including the construction and operation of hydrogen assets. Hydropulse will be responsible for building and managing the production facilities, while ABO Energy will contribute its experience in electricity supply and project development. This structure will provide industrial customers with long-term hydrogen supply without requiring upfront investment.
A European-focused deployment
The partnership will initially be rolled out in Europe, with particular focus on Spain and Finland. Both countries stand out for their low electricity costs, which make green hydrogen production more competitive. Several pilot projects, identified as priority due to immediate industrial demand, are already in preparation.
An offer geared towards industry
The joint strategy includes the introduction of services such as “Hydrogen-as-a-Service” and “Infrastructure-as-a-Service,” covering the entire value chain from renewable electricity to hydrogen molecules. This model is designed to accelerate project realisation and quickly meet the needs of industrial customers.
Leaders confident in the impact
Dennis Schulz, Chief Executive Officer of ITM Power, stated that the agreement offered “a pragmatic route to turn technology into recurring revenues.” Karsten Schlageter, Managing Director of ABO Energy, added that “many projects are already at an advanced stage of development,” which should allow for rapid implementation once offtake agreements are secured.
