Why Gen2 Energy
With strong backing from EU funding and new legislation, the European market for green hydrogen is rapidly emerging. Green hydrogen is set to play a key role in decarbonizing industries, particularly in Northern and Western Europe, where demand is accelerating.
Norway has a unique competitive edge in this transition, and Gen2 Energy is strategically positioned to become the leading exporter of green hydrogen—delivering at scale, with competitive pricing, and in a way that truly makes a difference.
Gen2 Energy is strategically positioned
to become the leading exporter
of green hydrogen
Unmatched сost efficiency and reliability
With over 1,200 dams and 1,784 hydropower plants, Norway has relied on nearly 100% green, renewable energy for over a century. This grants a major regulatory advantage: Gen2 Energy is exempt from the EU’s additionality principle, which requires grid-connected green hydrogen production to be backed by additional renewable energy sources.
By leveraging Norway’s abundant hydropower, Gen2 Energy ensures:
- 24/7 production capacity – maximizing efficiency and output.
- Low-cost, predictable energy – reducing price volatility for customers.
- A truly green hydrogen supply – no reliance on fossil fuels or intermittent renewables.
Scaling to meet Europe’s growing demand
As Europe accelerates its shift away from fossil fuels, the need for reliable, large-scale hydrogen supply chains has never been greater. Gen2 Energy is not just a supplier—we are a strategic partner for industries seeking sustainable, high-volume hydrogen solutions.
We are actively developing robust logistics and infrastructure to seamlessly integrate Norwegian green hydrogen into the European energy system. From large-scale production to efficient distribution networks, we ensure a steady, scalable, and cost-competitive supply.
A legacy of innovation,
a future of Impact
Gen2 Energy builds on Norway’s rich hydrogen heritage, dating back to 1929 with the world’s first green hydrogen plant in Rjukan. With deep expertise, industry-leading know-how, and a commitment to pioneering the green hydrogen economy, we are setting the standard for the future of clean energy in Europe.
Gen2 Energy isn’t just part of the hydrogen revolution—we are driving it.
The new hydrogen economy can become a machine for growth.
Frans Timmermans
Vice president of the EU-commission
2023 ©Gen2 Energy