Electric Power Development Co., Ltd. (“J-POWER”), a power generation
company headquartered in Tokyo, Japan, and YamnaCo Ltd (“Yamna”), a global green hydrogen
and derivatives developer and investor registered in London, UK, have announced today the
signing of an agreement for the joint development and investment in green hydrogen and
derivatives projects globally (the “Partnership”).
The Partnership, stemming from a period of collaborative development efforts on green hydrogen
projects and a successful working relationship, takes roots in the excellent synergies between the
two organisations:
- J-POWER is a power generation company aiming net zero CO2 emissions by 2050. Through its “Blue Mission 2050” initiative, released in 2021, the group has committed to reduce its CO2 emissions by 46 % in 2030 and to achieve net zero by 2050. In order to achieve this goal, the group is planning to steadily replace coal-fired power plants with CO2-free hydrogen and ammonia power generation ones; and
- Yamna is a leading green hydrogen developer and investor. The company is actively engaged in the identification and development of several green hydrogen and derivatives projects, with a focus on the most concrete and imminent use-cases, among which green ammonia production in regions with world-class renewable energy resources with an export angle to the most attractive demand centres, such as Japan.
Under the Partnership, the Parties agreed to jointly develop and invest into green hydrogen
projects worldwide which are either based on Yamna’s existing pipeline or additional projects to
be jointly originated. Based on the agreed collaboration framework, the Parties will establish
specific agreements for any project they jointly engage in.
We are glad to collaborate and develop jointly with Yamna as an excellent developer, which has structuring expertise in the domain and a common spirit to achieve net-zero-emissions. Hydrogen is an important technology in enabling decarbonization worldwide. We hope to bring back what we learn from our activities to contribute to achievement of carbon neutrality.
Hiroyasu Sugiyama
J-POWER Executive Vice President
We are honoured to partner with one of the power generation companies making concrete steps in steering the industry with ambitious decarbonization targets. We have found in J-POWER an excellent partner with complementary attributes, and are looking forward to announcing exciting common projects news very soon.
Abdelaziz Yatribi
Yamna Chief Executive Officer
About YAMNA
Yamna is a specialised green hydrogen and derivatives platform led by experts in the energy
industry. We aim to produce green molecules at scale to displace existing or future fossil fuel
solutions and contribute to reducing global greenhouse gas emissions.
Yamna is focusing on large scale green hydrogen and derivatives projects in the most competitive
locations globally taking an early mover position in an attractive segment with strong
fundamentals. The company is financially backed by HYCAP, a UK-based private equity fund
manager fully dedicated to hydrogen.
MEDIA CONTACT
amine.masnaoui@Yamnaco.com
+33 6 37 22 55 38
About J-Power
J-POWER was founded in 1952 as a Japanese government–owned company. Having been
privatised in 2004, J-POWER is now one of the largest electric power utility companies in Japan
and installed capacity of approximately 26.1GW globally with a demonstrated commitment
to renewable energy and decarbonisation. J-POWER is operating a power generation capacity
of 18.0 GW in Japan and engages in its overseas power generation business with power
generation capacity of 8.1 GW.
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