Vision Hydrogen (OTCQB: VIHD) has announced a critical milestone in the development of a 25 MW green-hydrogen production facility in the Netherlands. The company announced that its subsidiary, VoltH2, in partnership with Virya Energy, has been granted permits to the facility, which is to be located in the north sea port of Terneuzen, the Netherlands. The production facility, which will include tube-trailer loading and integrated distribution features, is based on a scalable platform, allowing the two companies to increase production capacity up to 75 MW. According to estimates, at 25 MW the plant will produce up to 3.5 million kilograms of green hydrogen per year and up to 10.5 million kilograms of H2 output at 75 MW. The planned plant site of Terneuzen is accessible to existing high-voltage power and gas infrastructure and large renewable power-producing assets, with the ground station of TenneT, the Dutch national high-voltage grid operator less than 1,500 meters away. A connection point to the Yara-Dow-Zeeland Refinery pipeline is less than 1,400 meters away. In addition, the Ghent-Terneuzen Canal, which provides water access to the major European port of Ghent, is adjacent to the property. VisionH2 and Virya anticipate building the electrolysis plant based on proven, commercially available technology, with estimated development costs for the initial phase coming in at €35—€40 million. The two companies now have all environmental and construction permits in hand and are in the final statutory consultation and review period.
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About Vision Hydrogen Corporation
Vision Hydrogen is focused on hydrogen production for transportation and power requirements, with a goal of contributing to a clean-energy environment. The company is committed to provide the highest-quality hydrogen production, storage and distribution services for the hydrogen economy supply chain, serving residential, commercial and government sectors. Through its wholly owned subsidiary VoltH2, Vision Hydrogen designs, develops, constructs and operates green hydrogen plants in Northwestern Europe, with production facilities being developed in Vlissingen and Terneuzen in the Netherlands. Plant production forecasts are to commence production output in 2023, and each plant will have the capacity to produce up to 3.5 million kilograms of green hydrogen per year, scalable up to a combined 24.5 million kilograms. Strategically located within North Sea Port, the end product will be transportable by road, rail, waterways and pipeline. Local industry will be able to purchase green hydrogen in order to meet its environmental objectives. For more information about the company, please visit www.VisionH2.com.
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