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Hydrogen

Wednesday
31 May 2023

The Hydrogen Stream: Norway, Finland Take the Lead in Europe

31 May 2023  by pv-magazine.com   
Plug Power has revealed plans to develop three green hydrogen production plants in Finland, while Statkraft is set to increase its investments in the German hydrogen market.


Photo: Statkraft

Statkraft has announced expansion targets for the German market, aiming to install 300 MW to 500 MW of wind and solar projects annually from 2027. By 2030, the company plans to have at least 250 MW of electrolysis capacity operational in Germany. A 10 MW pilot project in Emden is planned for 2025, with the goal of operating electrolyzers producing up to 200 MW of green hydrogen connected to the hydrogen pipeline network by 2030.

Plug Power has announced plans to develop three green hydrogen production plants in Finland, with a total electrolyzer capacity of 2.2 GW, by the end of the decade. The company is focusing on liquefaction and PEM electrolysis technologies and aims to make a final investment decision by 2025-26. The produced green hydrogen will support ammonia and green direct reduced iron (DRI) production in Kokkola, Kristinestad, and Porvoo. Plug Power said it is collaborating with GravitHy and Hy2Gen and is in discussions with financial investors and debt providers to secure funding, with a capital structure likely to include non-recourse debt.

John Cockerill and Technip Energies have launched Rely, a green hydrogen solutions provider targeting revenues exceeding €1 billion ($1.07 billion) by 2030. Rely, which is owned 60% by Technip Energies and 40% by John Cockerill, will ensure project execution by securing the supply chain through a capacity reservation and supply contract with John Cockerill Hydrogen. John Cockerill said that Rely will acquire a 10% minority stake in John Cockerill Hydrogen as part of their collaboration.

Future Proof Shipping (FPS) has launched the H2 Barge 1, a 110-meter zero-emissions ship in Rotterdam. The vessel will transport goods for Nike between Rotterdam and Belgium. The Port of Rotterdam said it as the first hydrogen-powered inland container ship. FPS plans to expand its fleet with over ten zero-emission vessels in the next five years.

Statkraft has announced expansion targets for the German market, aiming to install 300 MW to 500 MW of wind and solar projects annually from 2027. By 2030, the company plans to have at least 250 MW of electrolysis capacity operational in Germany. A 10 MW pilot project in Emden is planned for 2025, with the goal of operating electrolyzers producing up to 200 MW of green hydrogen connected to the hydrogen pipeline network by 2030.

Plug Power has announced plans to develop three green hydrogen production plants in Finland, with a total electrolyzer capacity of 2.2 GW, by the end of the decade. The company is focusing on liquefaction and PEM electrolysis technologies and aims to make a final investment decision by 2025-26. The produced green hydrogen will support ammonia and green direct reduced iron (DRI) production in Kokkola, Kristinestad, and Porvoo. Plug Power said it is collaborating with GravitHy and Hy2Gen and is in discussions with financial investors and debt providers to secure funding, with a capital structure likely to include non-recourse debt.

John Cockerill and Technip Energies have launched Rely, a green hydrogen solutions provider targeting revenues exceeding €1 billion ($1.07 billion) by 2030. Rely, which is owned 60% by Technip Energies and 40% by John Cockerill, will ensure project execution by securing the supply chain through a capacity reservation and supply contract with John Cockerill Hydrogen. John Cockerill said that Rely will acquire a 10% minority stake in John Cockerill Hydrogen as part of their collaboration.

Future Proof Shipping (FPS) has launched the H2 Barge 1, a 110-meter zero-emissions ship in Rotterdam. The vessel will transport goods for Nike between Rotterdam and Belgium. The Port of Rotterdam said it as the first hydrogen-powered inland container ship. FPS plans to expand its fleet with over ten zero-emission vessels in the next five years.

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