We look for locations that are suitable for hydrogen production. Criteria that play a role here are sufficient space, the presence of wind or solar energy, the proximity of a high-voltage station, a backbone for distribution and potential customers for hydrogen and our residual products oxygen and heat. It's only logical that ports and industrial zones tick a lot of boxes. During this prospecting phase, we immediately perform a first feasibility study. If the result is positive, we will go ahead and purchase the site or set up a lease.
As soon as we have added a new location to our portfolio, we start with a preliminary design and investigate the technological possibilities. In this phase, we also apply for permits and grants.
Once we have a blueprint for the future hydrogen factory and the necessary permits and grants, we enter into strategic partnerships or joint ventures. In doing so, we partially or completely divest the assets. The cash flow we generate from this sale allows us to develop new projects and increase our market share.
In the final phase, we select the most suitable technologies, find a contractor for the construction of the hydrogen power plant (EPC contract) and supervise the construction process until the plant comes into operation.
After the first two phases in the development of a new project, VoltH2 can choose to work with a partner at the project level. We have already applied this principle in Terneuzen, where we teamed up with Virya Energy.
At the corporate level, VoltH2 forms a partnership between Volt Energy, Virya Energy and DIF Capital Partners. We entered into this joint venture in order to pool existing knowledge and expertise and to anchor VoltH2 in Europe.