Mikhail Prokhorov, general director and co-owner of GMK Norilsk Nickel
Photo: Sergey Mikheev
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Hydrogen Fuel to Account For 20 Percent of Power Industry Worldwide
Roughly 20 percent of global power industry will be based on the hydrogen fuel in future, GMK Norilsk Nickel General Director Mikhail Prokhorov said in Krasnoyarsk Friday, Interfax reported. Prokhorov is also Norilsk Nickel co-owner.
In early April, Prokhorov will vacate the GD office at GMK Norilsk Nickel to establish a new company that will focus on projects of hydrogen power generation. Prokhorov and GMK’s second owner, Vladimir Potanin, are willing to complete the assets’ split by the end of this year.
In the field of hydrogen power generation, Norilsk Nickel holds 35 percent in Plug Power, which entered into a strategic partnership agreement with New Energy Projects National Innovation Company. Norilsk Nickel owns 74 percent in the undertaking. The intention of the parties is to advance fuel element market in Russia.
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