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received substantial external funding opportunities

Statkraft advances plan for UK green hydrogen and ammonia project | Hydrogen

Norwegian state-owned power group Statkraft has obtained a land lease for its planned 400 MW green hydrogen and ammonia production facility in the Shetland Islands, UK. The Shetland Hydrogen Project 2 will use green hydrogen to produce green ammonia to be used in applications such as marine fuel and fertiliser production. It will be built at the disused Scatsta airport near the Sullom Voe oil terminal and the Shetland Gas Plant. The site will convert excess renewable electricity into hydrogen during periods of grid constraint, according to Statkraft. “This scheme offers an opportunity to combine Shetland’s renewable resources with innovative technology,” said Stuart Marley, Principal Hydrogen Project Manager at Statkraft. The company plans to take advantage of the Shetland’s ample renewable resources with three wind farms currently in pre-construction: Mossy Hill near Lerwick, and Energy… Read More »Statkraft advances plan for UK green hydrogen and ammonia project | Hydrogen

Statkraft halts its green hydrogen programme | Hydrogen

Norway state-owned company Statkraft has halted new hydrogen developments, blaming ongoing market uncertainty. The move from one of Europe’s largest renewable energy producers is another blow for the developing hydrogen sector. Statkraft said parts of its portfolio would be “further matured” before seeking investors to try to realise the projects. Birgitte Ringstad Vartdal, President and CEO of Statkraft, said, “Several projects have received substantial external funding opportunities, and the company is working with authorities to ensure their progression. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link