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Sustainability
Green hydrogen and a green value chain
Gen2 Energy’s core business activity is to deliver 100 percent green hydrogen to end-users in Norway and Western and Northern Europe. The green hydrogen produced by employing Norwegian renewable hydropower and wind power is planned to be issued with a guarantee of origin – verifying that the hydrogen production is achieved by merely using pure, renewable energy.
Gen2 Energy will strive towards obtaining a zero-emission value chain. We are working toward establishing zero-emission transport solutions throughout our value chain. On the road, we seek partners with zero-emission trucks. At sea, we are working on fuel cell-driven sea vessels to transport the hydrogen containers. Our long-term goal is a zero-emission value chain for our zero-emission product, green hydrogen.
The UN’s Sustainability Goals
Our operations and practices dedicate Gen2 Energy to the fulfilment of the UN’s sustainability goals. Particularly goals 7, 9, and 13.
SDG 7 is about ensuring green and clean energy for all in a world with a growing population. Gen2 Energy will contribute to this by providing easy access to green hydrogen as an energy carrier by building well-functioning supply chains for short and long-distance transport of clean, green hydrogen.
SDG 9 is about the importance of investment in infrastructure and innovation as crucial drivers for economic growth and sustainable industries. Gen2 Energy’s innovative approach to build new supply chains for transport of high volumes of containerised green hydrogen including plug-and-play solutions for easy use of hydrogen in different settings, are vital parts of the technological progress that has to take place.
SDG 13 is about global warming, climate change and reducing the emissions of greenhouse gas. By replacing the use of fossil energy with 100 percent renewable hydrogen among the customers of Gen2 Energy, the greenhouse gas emissions will be substantially reduced. One ton of green hydrogen is equal to driving a petrol driven car 54 000 km.
Climate and circular economy
We are working toward establishing zero-emission transport solutions throughout our value chain. On the road, we seek partners with zero-emission trucks. At sea, we are working on fuel cell-driven sea vessels to transport the hydrogen containers. Our long-term goal is a zero-emission value chain for our zero-emission product, green hydrogen.
Heat and oxygen are by-products generated by the production of green hydrogen by electrolysis. We will do our utmost to uncover ways of utilizing these by-products for local agricultural and aquacultural business activities in the communities we have production sites. We strongly believe in the use of these resources to strengthen the circular economy.
Gen2 Energy’s ESG Policy
Gen2 Energy’s commitment to sustainability integrates with our mission – being a key provider of green hydrogen. We aim to have a strong focus on sustainable practices in our operations and transparency in our reporting.
We believe that commitment to environmental, social, and governance issues is critical to our long-term success as an industrial company.
In this respect, it is our conviction that the interests of Gen2 Energy’s owners align with those of our management, employees, customers, and the communities in which we operate.
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