MITSUBISHI CORPORATION ESTABLISHES ENECO DIAMOND HYDROGEN IN ROTTERDAM
Mitsubishi Corporation (MC) announced the establishment of Eneco Diamond Hydrogen B.V. (Eneco Diamond Hydrogen) to develop green hydrogen and associated renewable energy in Europe. Eneco Diamond Hydrogen, which was officially registered on June 6, 2023, is a joint venture between MC and its subsidiary N.V. Eneco, an integrated energy company that is also headquartered in Rotterdam.
With global efforts to decarbonize gaining momentum, more and more countries are looking to make renewable energy a larger part of their energy mix. As it can be stored, piped, and otherwise shipped, there are growing expectations surrounding the use of hydrogen as both a fuel alternative and a flexible capacity for power grid. EU has been accelerating the introduction of hydrogen by, for example, setting annual targets of 10 million tons for both its own production and its imports of green hydrogen by 2030.
(Source: Mitsubishi Corporation)