In Norway, Aker Horizons ASA announced that Aker Horizons Asset Development, the company’s wholly-owned asset development arm dedicated to hydrogen projects, has been awarded up to $12.1 million in grants and loans from Innovation Norway for the green hydrogen production facility at Rjukan, in Eastern Norway.
The Rjukan project will produce approximately 9 tons per day of green hydrogen from 20 MW electrolyser capacity. Aker Horizons plans to make a final investment decision for Rjukan by the end of 2023, with estimated commercial operation date in 2025.
“We greatly appreciate the financial support from Innovation Norway for our hydrogen project at Rjukan, which will further derisk the project and enable us to accelerate the scaling up of hydrogen production. Rjukan is an important frontrunner in our portfolio and will serve as a blue-print for our larger projects, such as our large-scale green ammonia project in Narvik. Our goal is for green hydrogen to become a cost-competitive climate solution to reach net zero, both in Norway and globally,” said Knut Nyborg, CEO of Aker Horizons Asset Development.
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