Norwegian Hydrogen Secures Double Funding Triumph in Rjukan
Key Ideas
  • Norwegian Hydrogen wins EUR 13.2 million from the EU Hydrogen Bank and NOK 100 million from Innovation Norway to boost the green hydrogen project at Rjukan.
  • The support signifies a significant stride towards scaling up green hydrogen production in Europe, particularly for hard-to-abate sectors like maritime transport.
  • Government officials highlight the importance of cutting emissions, fostering new industry, and creating jobs through the green transition.
  • Innovation Norway emphasizes the potential of the green hydrogen market and the strategic positioning of Norwegian industry for success in the green transition.
Norwegian Hydrogen has achieved a remarkable feat in the hydrogen industry with double funding offers for its green hydrogen project in Rjukan, Norway. The EU Hydrogen Bank's auction victory secured EUR 13.2 million in support for the project, aligning with the European Union's goals to boost green hydrogen production and decarbonize challenging sectors like maritime transport. In parallel, Innovation Norway has also shown strong support by granting NOK 50 million and providing a green growth loan of NOK 50 million to further enhance the Rjukan project. Jens Berge, the CEO of Norwegian Hydrogen, expressed immense excitement at the funding, highlighting the company's dedication to delivering green hydrogen to customers and expanding its capacity through the Rjukan initiative. Government officials, including the Norwegian Minister of Climate and Environment Andreas Bjelland Eriksen and Minister of Energy Terje Aasland, praised the collaboration with the EU and emphasized Norway's commitment to developing future hydrogen value chains in partnership with the European market. Innovation Norway's CEO and Regional Director commended Norwegian Hydrogen's progress and acknowledged the significance of supporting the green hydrogen sector in its early stages. This backing is seen as instrumental in establishing Norway's position in the evolving green industry landscape. The funding agreements with the EU Hydrogen Bank and Innovation Norway are poised to strengthen Norwegian Hydrogen's role as a key player in the global green hydrogen value chain. These developments showcase the growing support and investment in green energy initiatives, positioning Norway at the forefront of sustainable innovation and industry advancement.
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