ATOME Energy PLC (AIM:ATOM) has hailed a reported meeting between the presidents of Germany and Paraguay to discuss green hydrogen while highlighting the former’s need to import gas against the backdrop of steepling energy costs.
Germany has already said it is setting aside €4bln to import green hydrogen from outside the EU.
ATOME 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 other major projects.”
ATOME lays claim to being the only pure international green hydrogen and ammonia production company on the London Stock Exchange and is developing projects in Paraguay and Iceland.