Subsidies Everywhere All at Once - Ep126: Marco Alverà

Today’s guest on Cleaning Up is Marco Alverà, CEO of TES. TES are hoping to accelerate the clean energy transition by supplying green hydrogen at scale to clients in the mobility, industry and power sectors. TES’ first major project is Wilhelmshaven Green Energy Hub, which hopes to supply 250 TWh per year of carbon-neutral energy to Germany by 2045.

By 2030, TES hope to have produced one million tonnes of what they call ENG, or electric natural gas, as a like-for-like replacement for LNG. Michael had plenty of questions about ENG, TES’ ambitious plans, and the generous subsidies they’re set to take advantage of through the US’ Inflation Reduction Act.

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Further Reading and Related Episodes

Learn more about TES here: https://tes-h2.com/

TES plan to produce 5.5 million tonnes of hydrogen each year at Wilhelmshaven: https://tes-h2.com/wilhelmshaven-green-energy-hub/

The Financial Times reported on TES’ latest funding round: https://www.ft.com/content/e0b366d6-5dbe-41eb-96f7-e49c24f9a2c4

The New York Times wrote a profile on Marco late last year: https://www.nytimes.com/2022/10/11/business/green-natural-gas.html

Watch Cleaning Up Episode 115 with Jorgo Chatzimarkakis here: https://www.youtube.com/watch?v=_NCiEhprSOc

Watch Cleaning Up Episode 107 with David Cebon here: https://www.youtube.com/watch?v=K61ZXd_F6Qo

Watch our whole Hydrogen playlist on YouTube here: https://youtube.com/playlist?list=PLe8ZTD7dMaaC57hgJGekXX0m1zegQelke

Watch all of our Audioblogs on YouTube here: https://youtube.com/playlist?list=PLe8ZTD7dMaaAGobfBqd5eRQfeb5l9vPLG

Guest Bio

Marco has more than 20 years’ experience in the energy sector. He began his career working at Goldman Sachs before starting and selling a telecom company, and joining Enel, one of the world’s largest green electricity companies. He subsequently worked for Eni, the oil and gas major, for over 10 years in senior positions, and from 2016 to 2022 was CEO of Snam, where he positioned the company as an international leader in green gas and green gas infrastructure.

Since 2017, Marco has been non-executive director of S&P Global, where he is also chair of the Finance Committee. Macro is also Co-Founder of Zhero, a company focused on developing new energy projects.

Marco holds a degree in Philosophy and Economics from the London School of Economics, and is the author of The Hydrogen Revolution, one of the FT’s books of the year in 2021.