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JERA Americas invests in Hydrogenious LOHC Technologies

Japan-headed energy utility JERA Co., Inc (JERA) has announced that it has entered into an investment agreement and shareholders’ agreement with Germany-headed Hydrogenious LOHC Technologies GmbH (Hydrogenious LOHC) through its subsidiary, JERA Americas Inc (JERA Americas) to invest in Hydrogenious LOHC. This is a joint investment with Temasek, Chevron Technology Ventures, and Pavilion Capital, of which JERA Americas is a lead investor with an investment of approximately EUR 15 million.

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Via its subsidiary, JERA Americas Inc., JERA Co., Inc (JERA) is investing EUR 15 million in Hydrogenious LOHC Technologies GmbH (Hydrogenious LOHC).

Because hydrogen does not emit carbon dioxide (CO2) when combusted, it is expected to be used as a next-generation fuel for thermal power stations replacing fossil fuels.

However, large-volume seaborne transportation is a challenge, and technology development for hydrogen energy carriers is currently underway.

JERA plans to help solve technical challenges and select cost-competitive carriers.

LOHC – a unique hydrogen carrier

Headquartered in Erlangen, Germany, Hydrogenious LOHC has been developing hydrogen storage and transportation technology. It possesses the unique technology of Liquid Organic Hydrogen Carrier (LOHC) as one of the hydrogen energy carriers.

Hydrogenious LOHC uses benzyl toluene as a carrier medium, and hydrogen is chemically added by the hydrogenation process. LOHC is liquid and hydrogen can be transported and stored within ambient conditions.

It is hardly flammable and non-explosive, making it easy to handle. The world’s largest LOHC plant is being built by Hydrogenious LOHC in Dormagen, Germany, with commissioning scheduled in 2023.

By investing in the company, JERA will strive to acquire knowledge of LOHC technology, a potential game-changer as a hydrogen energy carrier, and will support the development of LOHC plants in Europe, North America, and Asia, thereby contributing to establishing hydrogen supply chains globally.

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