Hydrogen market capacity soars as green fuel deals surge
The global hydrogen market is set to grow 165% this year, according to GlobalData as firms and countries eye a shift towards greener energy
Company
LON:ATOM
ATOME is the leading developer of international green fertiliser projects, focused on addressing climate challenges in the food and agricultural sector through the supply of sustainable and efficient fertiliser alternatives produced in the heart of the largest food-producing region in the world. Powered by 100% renewable energy, the company's flagship Villeta Project in Paraguay will be the world’s largest facility dedicated to green fertiliser production once production commences in 2028.
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The global hydrogen market is set to grow 165% this year, according to GlobalData as firms and countries eye a shift towards greener energy
The funds will further expedite the development of the recently upgraded 120MW Villeta Project
Chief executive Olivier Mussat noted: "The reported discussions reinforce ATOME's stated ambition to be at the forefront of production of green energy at scale and being able to deliver such energy from Paraguay to Europe well in advance of
Puma has been operating in Paraguay since 2002 and supplies fuel to approximately 200 service stations
Olivier Mussat, the company's CEO, commented: "With ATOME Mobility, we are at the forefront of a US$2-plus billion per year zero-emission hydrogen mobility market potential in South America"
SP Angel analysts said the next key valuation catalyst will be when final investment decision is made on the 60MW Villeta project early next year
"We have added a significant industrial scale project in Villeta, Paraguay, to our portfolio of projects of now some 500MW in potential size," said chairman Peter Levine and CEO Olivier Mussat
Natixis is part of the second-largest banking group in France
Natixis is one of the world leaders in hydrogen and energy infrastructure funding
"Whilst e-fuels in aviation is a long-term project, ammonia maritime engines are currently under development by major manufacturers," said the company's chairman Peter Levine
ATOME is paying US$900,000 for the site, which is adjacent to the Villeta substation for its production facility
The current energy crisis and diversification needs in the macro market are feeding into ATOME’s share price growth