In Norway, Gen2 Energy and SEFE Securing Energy for Europe (SEFE), via its subsidiary WINGAS GmbH, have signed a transaction term sheet for the delivery of green hydrogen.
This defines the terms and conditions for a final sales and purchasing agreement and represents as such a major step to realize the import of green hydrogen from Norway to Germany.
In December 2022, a MoY was signed between SEFE and Gen2 Energy. By signing this transaction term sheet the companies confirm their commitment to succeed in establishing a supply chain for green hydrogen between the two countries.
Frédéric Barnaud, Chief Commercial Officer of SEFE said: “Together with our Norwegian partner we have made significant strides in aligning our strategies and conditions for the successful delivery of green hydrogen in the near future. The signing of term sheet empowers SEFE to enter more advanced discussions with our valued end-users. This milestone paves the way for innovative and environmentally friendly solutions to meet the energy demands of the German market.”
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