🇳🇴 Final investment decisions reached for Hyfuel and Kaupanes Hydrogen projects
The Hyfuel (Florø) and Kaupanes Hydrogen (Egersund) projects have now reached final investment decision and are moving into the construction phase. Each project will deliver 20 MW of green hydrogen production capacity to support the maritime sector, transportation, construction and industrial users across Norway and the Nordic region.
This milestone represents significant progress in scaling competitive green hydrogen supply and enabling zero emission solutions in segments where direct electrification is not sufficient.
From development to delivery
Over the past year, HYDS, in collaboration with co-owners and partners, have completed commercial structuring, permitting, engineering planning and contracting of main equipment. With investment decisions confirmed, both projects are now moving into execution phase.
Electrolyzers will be delivered by NEL Hydrogen. The projects also plan to work with Moreld Apply for engineering, installation and execution, supporting Norwegian industrial capabilities and local value creation.
A milestone for Norway’s hydrogen economy
Demand for green hydrogen is increasing across maritime transportation, mobility, construction and industry. This development has strengthened market conditions and reduced risk for early commercial projects.
By enabling scalable, renewable hydrogen production, the Hyfuel and Kaupanes projects will play an important role in building a competitive hydrogen value chain in Norway and supporting climate targets.
Local value creation and strong ownership
Hyfuel AS is owned by HYDS, Sogn og Fjordane Energi AS and Fjord Base Holding AS. The plant will be located at the supply base in Florø.
Kaupanes Hydrogen AS is owned by HYDS, Dalane Energi AS and Eigersund Næring og Havn KF. The plant will be located in the Kaupanes industrial area in Egersund.
Originally published on 6 November by HYDS.
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