Enova's 65 Million Euro Grant Boosts Hydrogen Projects for Maritime Fuel in Norway
Key Ideas
- Enova has allocated 65 million euros to five hydrogen projects focusing on maritime fuel in Norway.
- The projects aim to contribute to a production capacity of 100 MW and reduce emissions by 200,000 tonnes of CO2 per year.
- This reduction corresponds to 5.5% of the national emissions from shipping, as reported by Statistics Norway.
- Enova's initiative intends to establish a market for zero-emission sea transport, promoting the use of alternative fuels like hydrogen.
Enova has granted 65 million euros to support five hydrogen projects in Norway aimed at advancing the use of hydrogen in Norwegian shipping. These projects are expected to enhance the production capacity of hydrogen by 100 MW and reduce CO2 emissions by 200,000 tonnes annually, which is equivalent to 5.5% of national shipping emissions. The initiative also requires an investment in additional vessels to utilize hydrogen effectively. Enova's strategic move, announced in June 2024, underscores its commitment to facilitating zero-emission sea transport and stimulating demand for alternative fuels. Nils Kristian Nakstad, CEO of Enova, emphasized the importance of creating a market for sustainable maritime transport through these projects.