Gen2 Energy has signed a Memorandum of Understanding with the Scottish firm Port of Cromarty Firth to create a commercial pathway to export green hydrogen from Norway into the UK energy market.
Gen2 Energy has signed a Memorandum of Understanding with the Scottish firm Port of Cromarty Firth to create a commercial pathway to export green hydrogen from Norway into the UK energy market.
This exciting development will not only provide security of supply to customers wanting to adapt green hydrogen solutions, but it will also help the Scottish Government realise its ambitions to become a leading hydrogen nation.
The MoU is a massive boost in the bid to establish a green hydrogen hub in the Cromarty Firth, adding a new international angle to its aim to produce, store and supply hydrogen to the Highland region, other parts of Scotland, the UK and Europe.
The Firth will become the UK transhipment hub for Gen2 Energy’s hydrogen, produced from Norway’s surplus renewable energy, which will be shipped across the North Sea to the Port. Hydrogen would then be distributed to customers across the UK by road, rail and sea.
Jonas Meyer, Chief Executive Officer of Gen2 Energy, said: “We are very pleased to sign this MoU with Port of Cromarty Firth. The agreement marks a significant milestone in the creation of a value chain for hydrogen between Norway and the UK, resulting in significant environmental and social benefits as we move towards a net zero emission society. “
“Gen2 Energy is working diligently to build large-scale production and distribution of green hydrogen with zero emissions through the value chain. Together with Port of Cromarty Firth, we are able to provide customers with easily adaptable plug and play solutions for green hydrogen and ensure supply security from multiple production locations.”
Port of Cromarty Firth chief executive Bob Buskie said: “This is a historic moment for the Port, and for the move towards green hydrogen as a reliable and secure source of energy in the Highlands, Scotland, and the UK.
“We are on the cusp of another renewable energy revolution, with demand for clean energy rising every year. This MoU can put the Highlands on the map as one of the largest suppliers of clean hydrogen energy in Europe, alongside our established leadership in the onshore and offshore wind markets.”
“Norway’s remote northern regions have similar issues to the Highlands in terms of an excess of renewable energy, and constraints on putting that energy into the electricity grid. However, they are significantly more advanced domestically in the production of green hydrogen. The ability to produce and ship hydrogen to new markets is a huge opportunity for them and they see the Port as a key partner to the UK market. This will give companies throughout Scotland, and indeed the UK, the confidence to switch their infrastructure to clean energy sources, accelerating the decarbonisation process.”
Read the full announcement here: https://www.pocf.co.uk/2021/05/24/historic_green_hydrogen_mou_signed/
For further information, please contact:
Jonas Meyer,
Chief Executive Officer
Jonas.meyer@gen2energy.com
Svein-Erik Figved,
Head of Public Relations
Svein-erik.figved@gen2energy.com
About Gen2 Energy | www.gen2energy.com
Gen2 Energy is a Norwegian company dedicated to develop, build, own and operate an integrated value chain for green hydrogen. The company target to have several large-scale production facilities for green hydrogen located in Norway and Northern-Europe as well as a distribution network ensuring customers safe and reliable delivery. We also aim to use low/zero emission fuel in our distribution system, taking a wholistic view on the environmental footprint of the hydrogen value chain.
