NEW YORK & SEOUL, SOUTH KOREA & SANTIAGO, CHILE-- May 02, 2023 -- Glenfarne Energy Transition, LLC (“Glenfarne”), together with its affiliates, today announces the execution and launch of a collaboration agreement with Samsung Engineering (“Samsung Engineering”) to complete feasibility studies for multiple green hydrogen and ammonia projects in Chile as part of Glenfarne’s recently announced Hydrogen Fuels Initiative.

Hydrogen-based fuels use hydrogen as the primary source of energy and generate little to no greenhouse gas emissions. They have a wide variety of applications across different industries, making them a versatile supplement to fossil fuels.

“Glenfarne Energy Transition is thrilled to be strategically collaborating with Samsung Engineering on hydrogen fuels projects that will be vital to advancing the energy transition in Chile, Asia, and Europe,” said Brendan Duval, CEO and Founder of Glenfarne Energy Transition, LLC. “We see great potential for green hydrogen and ammonia from Chile to help further global decarbonization and achieve energy security.”

Green Pegasus, the first project being developed as part of the agreement, will have up to two gigawatts (“GW”) of solar PV installed capacity and is estimated to produce 459 kilotons (“kton”) of green ammonia and 89 kton of green hydrogen annually. Green Pegasus will primarily focus on export to Asia, particularly South Korea, and Europe, where Glenfarne maintains several business and commercial partners.