Norwegian firms win €96M from EU hydrogen fund

The hydrogen auction is part of the EU’s Innovation Fund and provides support for the production of renewable hydrogen. In this year’s round, Norwegian companies have again made their mark in competition with actors from across Europe.

“Congratulations to the companies that have won in the EU’s hydrogen bank, this is a day of celebration for Norwegian hydrogen initiatives! Norwegian companies are once again showing that they are highly competitive in the European market for green technology,” said Climate and Environment Minister Andreas Bjelland Eriksen.

The Norwegian companies GreenH, Gen2 Energy, and Norwegian Hydrogen will receive a combined NOK 1.1 billion (€96.6 million) in EU support to produce renewable hydrogen in Rjukan, Mosjøen, and Hammerfest.

“We are ambitious about contributing to the development of future hydrogen value chains in collaboration with the EU. The auction scheme provides Norwegian players with a valuable opportunity to access the growing European market and strengthen their position in new, green value chains,” said Energy Minister Terje Aasland.

Enova, which provides guidance to Norwegian applicants, encourages more companies to apply for future funding rounds, with the next hydrogen auction expected before year-end with a €1 billion budget.

The translation was written by an AI system, though the original text was authored by a human. Read the original article here