ZEN Energy and Mitsubishi subsidiary DGA Energy Solutions Australia have executed a Memorandum of Understanding (MoU) to support DGA’s green hydrogen strategy and Mitsubishi Corporation’s decarbonisation aspirations.
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The partnership leverages the strengths of ZEN in procuring, trading, and marketing 100% renewable electricity, DGA in the design and delivery of hydrogen plants, and Mitsubishi in trading and investment activities across a wide range of industrial value chains.
DGA Energy Solutions Australia was founded in 2023 and is responsible for the development of, and investment in, Mitsubishi’s renewable energy, green hydrogen, and green ammonia projects in the Oceania region.
ZEN supplies renewable electricity to a portfolio of government and business customers across Australia, sourced from a generation portfolio comprising solar, battery storage and pumped hydro projects across Australia.
ZEN Energy CEO Anthony Garnaut said, “This partnership will accelerate Australia’s journey to becoming a renewable energy superpower.
“Australia is now the leading supplier of energy and minerals to Japan. If we are to retain this position in 2050, we need to create new, sustainable ways of producing versions of the products we currently sell to Japan.
“We cannot do this alone. It requires partnerships with organisations like DGA and MC, who share our vision, and are willing to invest the needed effort and leverage their networks to help create new value chains.
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“DGA will join with other key partners who are committed to realising the superpower opportunity, including select state and local governments, energy infrastructure owners, and providers of the industrial services needed to build new value chains.”
