hydrogen
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The International Renewable Energy Agency (IRENA) has signed a new agreement with the Enel Foundation.

The two parties will share data and insights about the development of the green hydrogen economy, which is increasingly cited as a central component of carbon neutral economies by 2050.

IRENA estimates that at least 1700GW of renewables-powered electrolyser capacity is needed by the middle of the century, to produce the amount of green hydrogen required for a net zero future.

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Signed by IRENA director general Francesco La Camera and Enel Group CEO Francesco Starace, the partnership will also feature corporation on youth engagement initiatives and regional market trends.

Public-private partnerships are an important focus of IRENA’s work as it looks to mobilise the expertise, innovations and capital from the private sector to advance the global energy transition.

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La Camera said that youth and hydrogen development are two key energy transformation issues, and that the Agency welcomes partnerships with private sector corporations that share the Agency’s vision for a low-carbon future.

Memoranda of understanding were also formalised with the Food and Agriculture Organisation (FAO) and US Aid’s Power Africa.