Hydro’s renewable hydrogen company has signed a Memorandum of Understanding with Everfuel. The two companies will seek to establish a framework for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. Hydro’s new renewable hydrogen company aims to take a leading role as a developer, owner and operator in the hydrogen sector, enabling the switch from gas to renewable energy-based hydrogen at several of Hydro’s own sites as well as developing and serving the external market. Replacing natural gas for heating purposes in aluminium production with carbon-free hydrogen will contribute towards Hydro’s global commitment to reduce its greenhouse gas emissions by 30% by 2030. As communicated at Hydro’s quarterly presentation on April 27, Hydro is currently maturing 3-5 projects in Norway and Europe. Some of these projects are part of the cooperation with Everfuel. According to the MoU signed with Everfuel on May 20, the two companies will seek to establish a framework for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. The companies intend to develop elecotrolysers next to Hydro-owned aluminum plants delivering hydrogen to the aluminium plants as well as to the transport sector.
Hydro’s renewable hydrogen company has signed a Memorandum of Understanding with Everfuel. The two companies will seek to establish a framework for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. Hydro’s new renewable hydrogen company aims to take a leading role as a developer, owner and operator in the hydrogen sector, enabling the switch from gas to renewable energy-based hydrogen at several of Hydro’s own sites as well as developing and serving the external market. Replacing natural gas for heating purposes in aluminium production with carbon-free hydrogen will contribute towards Hydro’s global commitment to reduce its greenhouse gas emissions by 30% by 2030. As communicated at Hydro’s quarterly presentation on April 27, Hydro is currently maturing 3-5 projects in Norway and Europe. Some of these projects are part of the cooperation with Everfuel. According to the MoU signed with Everfuel on May 20, the two companies will seek to establish a framework for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. The companies intend to develop elecotrolysers next to Hydro-owned aluminum plants delivering hydrogen to the aluminium plants as well as to the transport sector.
