Norwegian Hydrogen Expands Operations with Acquisition of Aker Horizons' Project in Rjukan
Key Ideas
  • Norwegian Hydrogen has acquired Aker Horizons' hydrogen project in Rjukan, allowing for the expansion of their operations and commitment to delivering innovative zero-emission solutions in the Nordics.
  • The company has secured a long-term power purchase agreement with Tinn Energi, ensuring access to renewable energy and a competitive position in the market.
  • Plans include building a 25 MW plant, with potential for further upscaling, and collaborating with Nel for the delivery of an electrolysis plant, supported by the EU Innovation Fund.
  • The acquisition underscores Norwegian Hydrogen's goal of creating a sustainable and competitive value chain for green hydrogen, contributing to the green transition in the region through local collaboration.
Norwegian Hydrogen has strengthened its position as a key player in the production of green hydrogen with the acquisition of Aker Horizons' hydrogen project in Rjukan. This strategic move allows Norwegian Hydrogen to further expand its operations and deliver innovative zero-emission solutions to industrial customers across the Nordics. By taking over an existing long-term power purchase agreement with Tinn Energi, the company ensures access to renewable energy, establishing a strong foundation for providing competitive hydrogen to the market. With plans to build a 25 MW plant in Rjukan, Norwegian Hydrogen aims to become one of the largest hydrogen projects in the Nordics. The project also offers opportunities for future upscaling and expansion, demonstrating the company's commitment to sustainable growth. Collaboration with Nel for the delivery of an electrolysis plant further enhances their technological capabilities, supported by the EU Innovation Fund. The acquisition in Rjukan not only solidifies Norwegian Hydrogen's presence in the region but also highlights their focus on sustainability and industry innovation. By leveraging the established foundation in Rjukan, the company is poised to meet the demand for clean and sustainable hydrogen solutions in various industrial segments. Jens Berge, CEO of Norwegian Hydrogen, expressed enthusiasm about the project, emphasizing the company's dedication to delivering eco-friendly solutions to both current and new customers. The acquisition signifies a significant step towards realizing Norwegian Hydrogen's long-term goal of creating a sustainable and competitive value chain for green hydrogen in the Nordics. Moreover, the company's emphasis on local collaboration underscores its commitment to working closely with authorities, communities, and customers to ensure the successful implementation of the project. Norwegian Hydrogen plans to provide regular updates on the project's progress, showcasing their dedication to driving the green transition in partnership with local stakeholders.
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