National Energy, a subsidiary of the state-owned National Gas Company (NGC), will conduct a feasibility study on assessing the economic dynamics of the production of green hydrogen.
The company has secured funding from the Inter-American Development Bank IDB) under an IDB-executed non-reimbursable Technical Cooperation Promotion of the Green Hydrogen Market in Latin America and the Caribbean (LAC) Countries. As a state-owned enterprise, it also has the full support from the Ministry of Energy and Energy Industries (MEEI) and the Ministry of Planning and Development (MPD).
The group has been investing in new R&D and building employee expertise in the clean hydrogen space. It has also been collaborating with other companies in developing the hydrogen economy in Trinidad and Tobago. In January 2021, NGC and National Energy signed a Memorandum of Understanding (MOU) with Kenesjay Green Limited (KGL) to explore potential areas of cooperation to develop hydrogen and energy efficiency-related projects.
KGL subsidiary NewGen has spearheaded the country’s first carbon-neutral industrial, where NGC Group supports the project through investment facilitation on the ttEngage platform.
The NGC Group aims to support the country ambitions of building the hydrogen economy and becoming one of the leading green hydrogen countries in the world. It is keeping its eyes on developing a pilot green hydrogen facility and supporting hydrogen R&D through collaboration and investment.
The company said, “A hybrid solution (batteries and hydrogen) coupled with solar generation can yield an attractive business case for Caribbean grid operators to integrate hydrogen into the energy mix with storage options in Trinidad and Tobago and elsewhere.”