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

CAESAREA, Israel and RIGA, Latvia -- 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.”