Source: Norwegian Hydrogen

Envisaged as one of the largest production facilities for green hydrogen in the Nordic region, Norwegian Hydrogen and Provaris Energy are betting high on the Ørskog facility located in Ålesund municipality in Norway. 

The facility will have a capacity of 270 MW when it is fully developed, with a production capacity of 40,000 tonnes of green hydrogen annually. 

Norwegian Hydrogen claims that a capacity of 20 MW has been granted, and an application for a further 250 MW capacity has already been submitted and is being processed by the local regulators. 

"This is an important milestone for the development of large-scale production of green hydrogen in Norway and we look forward to being part of developing a new forward-looking industry. It is also particularly exciting that this project is home in Sunnmøre", said Jens Berge, CEO of Norwegian Hydrogen.

He further added that a large volume of green hydrogen will be exported to Europe from the facility, and part of the production capacity will cover the demand from customers in Norway as well. 

At the local level, the green hydrogen produced will be of use in the maritime industry, heavy vehicle transportation and industrial processes, according to the company. 

Provaris Energy, the Australian company that has developed a solution for storing and transporting compressed hydrogen by ship, is collaborating for this project actively. 

RELATED: Everfuel, Hy24 create € 200m JV for Green Hydrogen infra in Nordics

Martin Carolan, CEO of Provaris Energy, commented, "This is a large-scale project that will effectively meet both local demand for hydrogen and allow for flexible delivery of demanded green energy to Europe. The efficiency of our supply chain, based on compression, allows a flexible production, storage and transport solution that allows this to become a competitive project in the green shift". 

Norway has ambitious targets for the production of hydrogen, and wants to become a net-zero emissions country by 2050. Green hydrogen is highlighted as one of the most important factors that must be in place to achieve its net-zero targets. 

Norwegian Hydrogen claims to start the production of green hydrogen in both Norway and Denmark later this year. The company's recently launched subsidiary Vireon will be rolling out a network of hydrogen filling stations throughout the Nordic region. 

Iberdrola bags €1 billion loan from EIB to set up 2.2 GW RE plants in Europe

Spanish renewable energy firm Iberdrola has signed a new financing agreement worth €1 billion with the European Investment Bank (EIB) for building an extensive network of...
https://etn.news/buzz/iberdrola-eib-loan-renewable-energy-projects-europe

Read More
arrow_upward