BAKU, Azerbaijan, November 7. As of September 30, 2024, Snam continued its commitment to the energy transition with key developments across its biogas/biomethane plants and new hydrogen initiatives, Trend reports.
According to Snam, it now operates 35 biogas and biomethane plants, with an installed capacity of 40 MW, marking a slight reduction of 4 MW compared to the same period last year. This decrease is mainly attributed to the removal of four biogas and agricultural biomethane plants from Snam's portfolio following the sale of Iniziative Biometano S.p.A. However, the addition of five new agricultural plants helped offset this reduction, contributing 5 MW of installed capacity.
In the energy efficiency sector, Snam reported a robust backlog as of September 30, totaling €1,215 million. Notably, more than 95% of this backlog is related to Energy Performance Contract (EnPC) agreements, underscoring the company’s growing focus on sustainable energy solutions.
Snam is also making strides in the green hydrogen space. On October 14, 2024, the company signed a Memorandum of Understanding (MoU) with several prominent international partners, including Sonatrach and Sonelgaz (Algeria), VNG (Germany), SeaCorridor (Italy), and Verbund Green Hydrogen (Austria). The collaboration aims to explore the feasibility of an integrated green hydrogen production project in Algeria, leveraging the planned SoutH2 Corridor to facilitate access to the European hydrogen market.
Simultaneously, the Tunisian government announced the signing of 6 MoUs for green hydrogen production in Tunisia, which will also utilize the SoutH2 Corridor as a platform to connect to the European market.