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Norwegian Trio Develops “Offshore Hydrogen Plant” – Norwegian News – Latest News, Latest News, Comments – Norwegian News

Moreld, owned by HitecVision, Arendals Fossekompani, an industrial investment company focused on green energy, and Kongsberg, a Norwegian conglomerate, said the purpose of this concept was to address some challenges related to the development and expansion of offshore wind. I said it was a solution.

Together they founded Hydepoint AS, a company that develops hydrogen substations. This will be owned equally by the company. Hydepoint is primarily developed as a floating concept that allows for easy size and capacity expansion.

Moreld provides offshore infrastructure solutions. Kongsberg provides power management expertise. Arendals Fossekompani provides electricity market expertise, including portfolio company Volue.

This collaboration is based on the initiative of entrepreneur Kjell Johannessen, a former leader of the oil and gas cluster NODE and a leader of the Green Energy Network.

Morten Henriksen, Executive Vice President of Arendals Fossekompani, said: Hydepoint is installed offshore near a wind farm and can convert all or part of the energy produced to green hydrogen. This reduces the need to scale up the power grid. “

Norwegian companies said further development of offshore wind, including the next license round in Norway, would require significant power grid enhancements. Converting the generated energy partially or completely to hydrogen reduces the need to invest in the grid and increases the production of green hydrogen, which is in high demand.

“The demand for hydrogen is already important,” said Henriksen. “It is used directly in industry and is also used in the production of energy carriers such as ammonia and synthetic LNG. The green hydrogen produced using renewable energy becomes gray hydrogen based on natural gas. It will replace it. It will have a positive effect on the environment both in the short term and in the long term. One of the challenges associated with wind power is variable production. With more offshore wind power in the energy mix, Production can exceed the capacity of transmission systems and onshore transmission networks. “

Geir Håøy, CEO of Kongsberg, said: Hydepoint helps solve these challenges by allowing surplus electricity to be converted directly to offshore hydrogen. “

“Hydepoint offers a fully developed substation that reduces costs and delivery times,” said Geir Austigard, CEO of Moreld.

https://www.norwaynews.com/norwegian-trio-to-develop-offshore-hydrogen-factories/ Norwegian Trio Develops “Offshore Hydrogen Plant” – Norwegian News – Latest News, Latest News, Comments – Norwegian News

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