SwitcH2 and CorPower Ocean Collaborate on Green Ammonia Production with Wave Energy Integration
Key Ideas
- SwitcH2 partners with CorPower Ocean to develop a floating green ammonia facility using wave energy, aiming to produce industrial-scale offshore green hydrogen and ammonia.
- The project, supported by Dutch Government's program, plans to launch in northern Portugal, with a vessel comparable to a Very Large Crude Carrier and capacity to produce 300,000 tons of green ammonia annually.
- Global green ammonia market expected to reach $55 billion by 2032, with high potential for decarbonizing global shipping emissions, leading to a promising future for renewable energy.
- CorPower Ocean secures €32 million in funding for wave energy development, emphasizing the significance of wave power as a consistent and abundant clean energy source for a sustainable future.
SwitcH2 has formed a partnership with CorPower Ocean to pioneer a floating green ammonia production facility that will utilize wave energy alongside wind and solar power. Backed by Norway's BW Offshore and Dutch Oceans Capital, SwitcH2 aims to deploy a large-scale offshore green hydrogen and ammonia project in northern Portugal. By incorporating CorPower Ocean's wave energy technology, the initiative seeks to enhance the reliability of its renewable energy supply. The project, endorsed by the Dutch Government's GroenvermogenNL TSE program, plans to establish an open-sea project in Portugal with capabilities to produce 300,000 tons of green ammonia annually, catering to the decarbonization needs of sectors like global shipping.
The collaboration between SwitcH2 and CorPower Ocean is driven by a shared vision of a cleaner future fueled by renewables. With the global green ammonia market set to grow significantly and green ammonia being viewed as a crucial fuel for reducing emissions in global shipping, the project is strategically positioned to contribute to a sustainable energy transition. The blend of offshore production technologies and wave energy integration showcases the innovative approach taken by SwitcH2.
Further expansion plans include exploring projects in West Africa for ammonia exports and in the Dutch North Sea for hydrogen production, aligning with SwitcH2's ambition to achieve gigawatt-scale production. Saskia Kunst, Director of SwitcH2, emphasizes the mobility of the floating production system, enabling deployment in regions with cost-effective renewable energy sources.
CorPower Ocean's significant funding boost of €32 million underscores the growing interest and investment in wave energy development. The company's Commercial Director, Kevin Rebenius, highlights the reliability and abundance of wave energy, positioning it as a vital component in the renewable energy mix for ensuring continuous electricity supply. The collaboration between SwitcH2 and CorPower Ocean signals a promising step towards a sustainable energy future with a focus on decarbonization and renewable energy integration.
Topics
Projects
Renewable Energy
Sustainability
Investment
Decarbonization
Energy Market
Green Ammonia
Offshore Technology
Global Shipping
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