Latvenergo and H2Pro Sign MOU to Advance Green Hydrogen Commercialization in Latvia

CAESAREA, Israel and RIGA, Latvia, March 11, 2025 /PRNewswire/ -- Latvenergo, Latvia's national electricity company, and H2Pro, an Israeli innovator in green hydrogen production, have signed a Memorandum of Understanding (MOU) to explore the feasibility of deploying H2Pro's breakthrough decoupled electrolysis technology in Latvia. The signing took place at an event in Tel Aviv hosted by Minister of the Economics of the Republic of Latvia, Mr. Viktors Valainis, during his visit to Israel. This MOU codifies a shared commitment to clean energy leadership, and underscores the role of technology innovation in accelerating the use of green hydrogen as a critical tool for industrial decarbonization and energy security.

In phase one of the agreement, Latvenergo and H2Pro will review the feasibility of piloting an electrolyzer in the 5 MW range within Latvenergo's energy infrastructure and explore opportunities for commercial deployment in future projects. The collaboration aims to integrate H2Pro's technology with Latvia's renewable energy sources, including wind and solar, while ensuring that green hydrogen production is economically viable in the long term.

"Latvenergo presents an excellent environment for demonstrating the unique advantages of our technology," said Tzahi Rodrig, CEO of H2Pro. "Latvenergo's diverse renewable energy portfolio provides the perfect testing ground to validate our electrolyzer's high efficiency across multiple load scenarios, as well as our technology's seamless integration with renewables thanks to the hyper-flexibility of our system. This project is not just about proving technical feasibility—it's about laying the groundwork for a cost-effective, scalable green hydrogen economy."

For Latvenergo, the partnership aligns with the company's broader commitment to clean energy innovation, energy independence, and decarbonization. "Public support mechanisms like EU funding play an important role in enabling the green hydrogen transition, nonetheless, we aim for the economics of any endeavor to stand on their own," said Dr. Mārtiņš Čakste, CEO of Latvenergo during his visit to H2Pro's headquarters. "That's why we are particularly interested in breakthrough technologies like H2Pro's decoupled electrolysis, which can reduce capital costs while maintaining high efficiency. Achieving a competitive cost structure is key to unlocking the full potential of green hydrogen in Europe. At Latvenergo, we are proud to lead the region in the clean energy transition—a transition that is not only about sustainability but also about fostering energy security and resilience for the European Union as a whole."

During the event, aimed at strengthening bilateral economic ties between the two countries, the Latvian Ministry of Economy expressed strong support for the initiative, emphasizing the strategic importance of Israeli-Latvian cooperation in clean energy.

"We are happy to review the Israeli company H2Pro's efficient, flexible, and cost-effective green hydrogen electrolysis technology in Latvia, together with Latvenergo," said Mr. Viktors Valainis, Latvian Minister of Economy. "We are happy to facilitate access to EU funding and other structural instruments that may be required. We are hopeful to keep developing the energy and other sectors of the economy in a mutually beneficial way between Latvia and Israel."

About H2Pro
H2Pro is developing the world's leading next-generation electrolyzer to make affordable green hydrogen production at scale. H2Pro's breakthrough electrolysis technology solves the key challenges of traditional electrolysis by decoupling hydrogen and oxygen generation (producing hydrogen and oxygen at separate times). This decoupled process significantly cuts down both capital and operating costs via a streamlined membrane-less reactor design, economical materials, and highly efficient energy usage. H2Pro's technology is also designed from day one to be hyper-flexible and therefore ready for direct renewable integration, making it the first fit-for-green electrolyzer.

Headquartered in Caesarea, Israel, H2Pro was founded in 2019 based on years of research conducted at the Technion, Israel Institute of Technology. H2Pro has raised over 100 Million USD. It is backed by leading investors and strategic partners, including Bills Gates' climate fund Breakthrough Energy, Temasek Holdings, ArcelorMittal, CSN, Sumitomo Corporation, and Yara Growth Ventures. Learn more at www.h2pro.co.

About Latvenergo
Latvenergo Group is one of the largest providers of energy supply services in the Baltic states, engaged in the generation and trade of electricity and thermal energy, and distribution of electricity. Since 1939, Latvenergo is the largest producer of renewable energy in the Baltics and one of the greenest electricity generators in Europe - approximately half of the electricity is generated in three large hydropower plants. They are complemented by modernized combined heat and power plants, where electricity is obtained from natural gas. The Group develops new green wind and solar energy generation capacities in Baltics and is also a leader in the field of electromobility services. All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.
Learn more at www.latvenergo.lv/en.

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SOURCE H2Pro; Latvenergo