Lancaster-based GenHydro, a clean technology, green hydrogen and renewable energy production company, is partnering with EREN Groupe, a privately owned company in Europe whose focus is on technological innovation, to fight global warming and save natural resources.
The partnership is designed to produce new green hydrogen production systems and renewable energy technology in France, Germany and beyond.
“GenHydro is looking forward to partnering and working with EREN Groupe and their affiliates as we begin to deploy our technology globally in 2024 and beyond,” Eric Schraud, founder and CEO of GenHydro, said in a statement. “EREN Groupe is an innovative global leader in renewable energy, and GenHydro can leverage this expertise to assist in our mission to significantly decarbonize the energy usage of various industries and make a real impact in climate change and global warming.”
GenHydro’s technology converts waste aluminum into high-value, renewable products. Leveraged with EREN Goupe’s project management and implementation ability, the partnership plans to increase green hydrogen production supply while reducing costs, further scaling the green hydrogen economy and taking diverse renewable energy products to France and Germany.
The partnership will seek to maximize its impact by focusing on commercial and consumer sectors, including industrial chemicals like ammonia for agriculture and e-fuels for mobility. According to its press release, GenHydro will oversee the day-to-day operations alongside the support of EREN Groupe, which has a track record of implementing new technology and project execution ability.
“We are proud to partner and invest in GenHydro, as its technology will enable a deeper supply and cheaper cost of green hydrogen, which represents one of our areas of focus when fighting global warming,” said Jacques Ripoll, managing partner of EREN Groupe.
In addition to this partnership that focuses on France and Germany, EREN Groupe has invested inGenHydro to further accelerate the deployment of their technology globally by 2024.
GenHydro, currently with a Series A funding round open alongside other fortune 500 company projects in their pipeline, will use the funds to expand its workforce and scale its technology. GenHydro is also seeking like-minded organizations to decarbonize their operations and help achieve emissions reduction and energy efficiency goals.