The Itaipu Binacional Technology Park signed an agreement with ATOME Energy PLC t to invest in state-of-the-art green hydrogen and ammonia production facilities.

The agreement signed between the two institutions aims at large-scale production of green hydrogen and ammonia from clean energy sources. The company intends that production will be ramped up from an initial 50 MW unit by the end of 2024, with plans for a gradual increase in production up to 250MW. ATOME Energy will simultaneously implement the same project in Iceland, where they will also have access to clean energy sources.

The project is aligned, among others, to Paraguay’s Green Hydrogen Roadmap and decarbonisation goals established in its National Development Plan 2030, as well as the objectives in the country’s Nationally Determined Contributions (NDC) within the framework of the Paris Accord.