Åsgårdstrand, 11 May 2026, Gen2 Energy has received confirmation of a 150 MW grid capacity reservation for its project at Monstad in Åfjord municipality.
The capacity reservation relates to the existing power grid and secures grid capacity for the project. The planned facility will be positioned to produce up to 60 tonnes of liquefied green hydrogen per day.
Green hydrogen is a zero-emission fuel that can be used across several sectors, including maritime, mobility and industry, and can make a significant contribution to reducing CO₂ emissions.
“This is an important milestone for Gen2 Energy and for the Monstad 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 further towards a final investment decision and construction start. The project will contribute to emission reductions and local value creation, both during construction and once the plant is in operation,” says Lena Halvari, CEO of Gen2 Energy.
Halvari emphasises that green hydrogen can play a key role in the transition of sectors such as maritime transport:
“To succeed in reducing emissions, green hydrogen must be made available at scale. The capacity reservation in Åfjord is an important step in that direction.”
Gen2 Energy is a project development company with four locations along the Norwegian coast. The company has a total portfolio of 995 MW and is working to establish a complete hydrogen value chain targeting the maritime, mobility and industry sectors. Realisation of the company’s projects can enable a substantial contribution to emission reductions, including in Norwegian shipping, and support Norway’s and the EU’s climate targets.
Gen2 Energy would like to express its sincere thanks to Statnett, Tensio and Åfjord municipality for their strong and constructive collaboration. The company looks forward to continuing the development of the project together with all involved parties, and to maintaining close dialogue with Statnett and Tensio towards realisation of the project.
About Gen2 Energy
Gen2 Energy is a Norwegian company dedicated to developing, building, owning and operating an integrated value chain for green hydrogen. The company targets to have several large-scale production facilities for production of green hydrogen in Norway as well as a distribution network ensuring customers safe and reliable delivery. Gen2 Energy aims to use low/zero emission fuel in its distribution system, taking a holistic view of the environmental footprint of the hydrogen value chain.
Contact: Lena Halvari, CEO
Phone: +46 73-861 41 82
E-mail: lena.halvari@gen2energy.com
Or:
Jan Fredrik Råknes, CBDO
Phone: +47 99267730
E-mail: Jan.fredrik.raknes@gen2energy.com
