What we do
Gen2 Energy intends to become the premier provider of clean renewable hydrogen from Norway, by utilizing the country’s natural competitive advantages – trapped renewable energy available 24/7 at the lowest cost – and abundant amounts of clean, fresh water.
From fjords to Europe
All four of Gen2 Energy’s projects are therefore strategically positioned in what is by far the most competitive energy market in Europe. These locations provide Gen2 Energy with access to 24/7 renewable energy at the most competitive long-term prices.
Hydrogen can be stored and transported both in gaseous and liquid form, but the density is much higher in liquid form. Based on both environmental and financial reasons Gen2 Energy has chosen a strategy mainly based on production, storage and transportation of liquid hydrogen.
A green hydrogen strategy based on a liquid solution has been made possible in recent times through the introduction of new storage and transportation solutions for liquid hydrogen. For Gen2 Energy it has been of immense importance that also new, realistic, near-term shipping solutions have emerged.
Gen2 Energy has a long-lasting competitive edge producing green hydrogen – being able to deliver to Europe at a low, sustainable cost
Turning surplus energy into climate impact
By harnessing trapped renewable energy, our projects will avoid 1.66 million tons of CO₂ annually, equivalent to shutting down three coal-fired power plants in Europe. This impact is comparable to removing 353,000 diesel trucks from the roads or planting 66 million trees to absorb CO₂.
With abundant renewable resources and a proven hydrogen infrastructure, Norway is uniquely positioned to supply Europe with clean energy at scale. Gen2 Energy is leading this transformation, turning Norway’s surplus power into a climate solution.
Åfjord
is located at a peninsula that is also home to Europe’s largest onshore wind project, but lacks both widespread, energy intensive industry and a solid long-distance transmission network.
Mosjøen,
where Gen2 Energy has two projects, is located in the heart of the geographical area of Norway that has the highest amounts of trapped energy from hydropower.
Farsund,
situated at the southernmost tip of Norway, has been among the regions most impacted by rising European electricity prices in recent years. At the same time, it is where the energy from Norway’s first large-scale offshore wind farm will come ashore—without sufficient local demand or a high-capacity transmission network to distribute it effectively.
The way to the north
The name Norway itself actually means “The way to the north”, and in the Viking era it was quite clear that it was the waterway to the north this really meant. With 1732 fjords and the second longest coastline in the world, the ocean has always been essential to cater for large–scale export from Norway.
And with several shipping solutions emerging for liquid hydrogen, Gen2 Energy will have a long-lasting competitive edge producing green hydrogen and being able to deliver to Europe at a low, sustainable cost.
A legacy
of green hydrogen
Production of green hydrogen was first industrialized at Rjukan in Norway in 1929 and is based upon the availability of renewable energy and a production process known as electrolysis – where water is split into hydrogen and oxygen.
Trapped energy
Energy is constant and cannot be directly stored as electricity within the infrastructure. As a result, hydropower turbines are occasionally shut down, and wind turbines are temporarily halted to allow water and wind to pass without generating electricity. This happens when demand is too low to accommodate peak production and no storage solutions are available.
In other words – “trapped energy” is in reality “lost” energy
Unlocking
the energy potential
Based on this heritage Gen2 Energy has carefully selected four production sites in Norway that are optimal for production of green hydrogen, mainly because these four sites provide access to large amounts of so-called “trapped energy”.
Norway’s abundant renewable energy and fresh water makes it the ideal hub for large-scale green hydrogen production
Our Ambition
Gen2 Energy aims to become the premier provider of clean, renewable hydrogen from Norway, empowering industries, communities and nations to achieve a truly sustainable, zero-emission future.
We will achieve this goal by utilizing trapped hydropower at carefully selected sites in Norway, where we will produce green hydrogen for both local consumption and export.
Through strategic partnerships, and a steadfast commitment to environmental stewardship, will we accelerate the shift towards renewable energy, and support economic growth that is viable both from a financial and environmental perspective.
We are set to become the leading large-scale producer and distributor of green hydrogen from Norway—a country powered by 100% renewable hydropower for the past century. This gives us a unique competitive advantage in green hydrogen production:
Reliable 24/7 renewable energy and an abundant supply of clean, fresh water.
Gen2 Energy AS, Raveien 205, 3184 Borre, Norway. Besøksadresse Oslo: Lilleakerveien 6D
2025 ©Gen2 Energy