NEL ASA, the first dedicated hydrogen (H2) company on the Oslo Stock Exchange, has initiated a feasibility study to figure out the potential for large-scale H2 production in Norway, which can be exported to the European and Japanese markets.
The aim of the project is to study the viability, as well as enable the planning, construction and operation of a commercial decarbonised H2 production, liquefaction and export facility based on Norwegian fossil and renewable energy sources.
The project, entitled ‘Hyper,’ is in conjunction with a variety of other companies and organisations including SINTEF, Statoil, Linde Kryotechnik, Mitsubishi Corporation and the Institute of Applied Energy.
Project Hyper gives us a unique possibility to investigate and gain a deeper understanding of the different technological elements and interactions within H2 production
The project is planned and financed up to and throughout 2019, with a total cost estimated at NOK 20m ($2.4m). So far, it has received a NOK 14m ($1.7m) grant from the ENERGIX-programme of the Research Council of Norway, in addition to contributions from the project partners.
Bjørn Simonsen, Market Development Director of NEL, underlined, “The exploration of H2 production from Norway for European and Japanese markets has significant potential. We are looking at a scenario in which production of 225,000 tonnes of H2 could fuel as many as three million cars annually.”
“We are looking forward to contributing to the project with our worldwide and extensive experience within H2 production from renewable energy.”
Dr Petter Nekså, Chief Scientist at SINTEF Energy Research, also signified, “Project Hyper gives us a unique possibility to investigate and gain a deeper understanding of the different technological elements and interactions within H2 production. It is a strength for the project that we have major industry partners with us, and is an opportunity to utilise their competence and commercial insight within this area.”