A Cooperation Agreement was signed with JSC "Development Corporation of Kamchatka", JI-TECH Co., Ltd and SEL CHEM CO., LTD.

The agreement confirms the companies’ intentions to cooperate in implementing the Hydrogen Energy Cluster project based on the Penzhin Tidal Power Plant.

JI-TECH and SEL CHEM will ensure the purchase of hydrogen, produced by the Project on the conditions of the Term Sheet for sale and purchase of hydrogen signed between JI-TECH and H2CE on 9th of July 2023 and also chemical compounds based on it.

JI-TECH and SEL CHEM will conduct the study of the Project to assess the opportunities of participation in its implementation.

H2 Clean Energy will carry out the overall coordination of the Project implementation.

Development Corporation of Kamchatka will generate proposals for preferential regime for the Project, including consulting and methodological assistance with the issues regarding the acquisition of necessary land plots and water areas, conducting of environmental and other examinations, if necessary; assisting in the selection and, if necessary, in the development and implementation of the support measures at the federal and regional levels for the project.