Gen2 Energy has locked in 195 MW of grid access for its Mosjøen green hydrogen development in Norway. The company is aiming to work together with the regional government to establish a green hydrogen production facility that will strengthen Norway’s renewable energy market. Gen2 is a hydrogen developer with several projects across Norway that boast a combined energy output capacity of 995 MW.
Gen2 is working to establish a hydrogen value chain across the Norwegian energy sector
Gen2 already boasts an impressive hydrogen portfolio in Norway and has been working diligently with local authorities to establish a hydrogen value chain that covers the entire hydrogen sector. Gen2 has stated that it is aiming to develop a new era of green hydrogen production in Norway through its facility located in Mosjøen.
The company has noted that the initial phase of the Mosjøen project will allow for production of up to 30 tonnes of liquefied green hydrogen per day. There is also the added benefit of scaling up production over a specified timeframe to reach the ambition of 195 MW.
Gen2 has stated that the capacity reservation enables it to advance the project towards reaching a Final Investment Decision over the coming years, with the construction works to kick off soon after. Once all the construction work has been completed, the facility can drastically reduce emissions in the Norwegian energy sector. Gen2 has previously noted its ambition to provide clean energy for Norway’s maritime market.
“To succeed in reducing emissions in the maritime sector, green hydrogen must be made available at scale. The capacity reservation at Nesbruket is an important step in that direction.” – Lena Halvari, CEO of Gen2 Energy
Decarbonising the global energy market is a shared responsibility
The world has been dealing with the never-ending calls to decarbonize the global energy market as nations aim to meet emission reduction targets by the end of the decade. Green hydrogen can replace the fossil fuels used in the maritime industry and can effectively end the reliance on conventional energy generation resources.
Gen2 has publicly acknowledged the significant support of Mosjøen og Omegn Næringsselskap (MON) and Vefsn municipality, and is open to more dialogue with developers such as Linea and Helgeland Kraft as the latest European green hydrogen facility gains momentum.
“This is an important milestone for Gen2 Energy and for the Mosjøen project. We have worked in a focused and systematic manner over time to reach this point, and the capacity reservation provides the predictability we need to move the project forward towards a final investment decision and construction start.” – Lena Halvari, CEO of Gen2 Energy
With new market data revealing that the global hydrogen project pipeline has now surpassed 1,500 projects, the reality of the current situation is that the global energy market is embroiled in the energy transition to renewable energy resources.
“The project and the facility will contribute to emission reductions and local value creation, both during construction and once the plant is in operation,” – Lena Halvari, CEO of Gen2 Energy
Thankfully for us all, companies like Gen2 and nations such as Norway are advancing the standing of the hydrogen market in Europe. The question now becomes: can the rest of the world follow suit and develop its own renewable energy projects this year?
Europe is entering a new era of green hydrogen production
Building on Gen2’s advancement of its latest green hydrogen venture in Norway, several other European nations express similar expansion ambitions for green hydrogen production. Germany has seen RCT Hydrogen planning to launch a new electrolyzer stack manufacturing facility this year, exemplifying the regional acceptance that the energy market needs to change.
