Statkraft Secures Funding for Green Hydrogen Project at Scatsta
Key Ideas
  • Statkraft has received over £270,000 in government funding for a green hydrogen development project at Scatsta, aiming to build a 350MW electrolytic hydrogen to green ammonia production facility.
  • The company is finalizing a lease agreement with the Shetland Islands Council for the land near the former Scatsta Airport, as part of one of 11 hydrogen projects receiving funding from the Scottish Government.
  • The project aims to combine Shetland's renewable resources with innovative technology, contributing to Scotland's hydrogen future and net zero goals by 2045.
  • In addition to the hydrogen project, Statkraft is also involved in wind farm developments in the Shetland Isles, showcasing a commitment to renewable energy initiatives in the region.
Statkraft has secured government funding of more than £270,000 for its green hydrogen project at Scatsta in Scotland. The planned facility will focus on electrolytic hydrogen to green ammonia production with a capacity of up to 350MW. The company is in the process of finalizing a lease agreement with the Shetland Islands Council for the land adjacent to the former Scatsta Airport. This project is part of a larger initiative by the Scottish Government to support 11 hydrogen projects with a total funding of £3.4 million. Statkraft, a state-owned company from Norway, expressed enthusiasm for the opportunity to leverage Shetland's renewable resources and innovative technology at Scatsta. The company's involvement in wind farm developments in the Shetland Isles and its shortlisting for UK Government funding for another hydrogen project highlight its commitment to renewable energy and sustainable practices. The Scottish Government views hydrogen as a critical component of achieving its net zero target by 2045, positioning it as a significant industrial opportunity akin to the North Sea oil and gas discovery. The project's details are still forthcoming, but it is expected to play a key role in Scotland's transition to a greener future.
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