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.
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