Project details
Project timeline
2014
Start of project development
Project finalization
2035
KEY SUCCESS FACTORS
PROJECT DEVELOPMENT PHASE
- Business model/business case development
H2CRETE Valley Project will have direct and unique access to low-cost RES, due to its strategic location in Atherinolakos (Crete island - Greece). This will reduce the Levelized Cost of Hydrogen (LCOH) compared to that of EU competitors.
- Funding
ProEuropean Trading GmbH has already secured €360M in Shareholder Loan.
- Experienced staff
H2CRETE Valley Project development is supported by the executives and technical team of ProEuropean Trading GmbH, a consulting engineering team, and representative from academics and research centres.
- Local public acceptance
H2CRETE Valley Project is a well-known project to academics and regional authorities. The project has already received positive feedback from different stakeholders.
- Stakeholder cooperation
H2CRETE Valley Project is well accepted from top-tier technology providers.
COMMERCIAL AND FINANCING PHASE
- Applying for public subsidy/grant schemes
H2CRETE Valley Project development is supported by a consulting company, covering identification and application to eligible public subsidy/grant schemes.
- Securing private investors
ProEuropean Trading GmbH has already secured €360M in Shareholder Loan.
- Building a financial model
H2CRETE Valley Project development is supported by a consulting company, covering Financial Modelling activity.