Norway represents 50 per cent of the hydropower reservoir capacity of EU and is consequently key in reaching the REPowerEU ambition of 10mtpa hydrogen import by 2030.
"Securing green marine fuels at a global scale within this decade will require rapid scale up of green methanol production capacity using a variety of technology and feedstock pathways."
Green Fuels for Denmark's first two phases will produce renewable hydrogen to power heavy road trucks and enough e-methanol to power an ocean-going vessel or several ferries.
The design will enable hydrogen production and electricity storage in periods of high-power production and will convert hydrogen to electricity, via a fuel cell, during periods of lower power production.
By 2027 the project aims to annually produce 1 million tons of green ammonia - a hydrogen derivative that is particularly suitable for transport by ship.
French-based green hydrogen specialist, Lhyfe and Nantes-Saint Nazaire Port, France have reached a partnership agreement with hopes of establishing large-scale offshore green hydrogen production.
Equinor has signed a strategic collaboration with Hitachi Energy, to collaborate within electrification, renewable power generation and low-carbon initiatives worldwide.
