RES and Prime Capital Forge Deal for Green Hydrogen and Sustainable Aviation Fuel in Ånge
Key Ideas
- RES and Prime Capital have signed an agreement for the Alby hydrogen plant in Ånge, marking a significant step towards the production of sustainable aviation fuel.
- The project will utilize 500MW of renewable energy for green hydrogen production, in line with EU regulations promoting eSAF to reduce aviation emissions.
- Beyond environmental benefits, the initiative is expected to bring positive socio-economic impacts by creating jobs and strengthening Ånge's renewable industrial profile.
- The partnership represents a successful collaboration between Prime Capital and RES, showcasing the potential for large-scale Power-to-X plants in the Nordic region.
RES and Prime Capital have entered into a pivotal agreement for the Alby hydrogen plant in Ånge municipality, Sweden, aiming to produce sustainable aviation fuel through green hydrogen. The project, under the ownership of Prime Energy Infrastructure Fund II, will harness 500MW of renewable energy for electrolysis to create green hydrogen, subsequently converted into synthetic sustainable aviation fuel (eSAF). This aligns with EU regulations promoting eSAF as a means to curb emissions in the aviation sector. The initiative is not only environmentally significant but also promises positive societal impacts, including job creation in the municipality and a bolstered reputation for Ånge in the renewable industrial landscape.
The collaboration between RES and Prime Capital signifies a successful partnership, building on previous energy projects like Björnberget Vindkraft AB. Matilda Afzelius, CEO of RES in the Nordics, hails the agreement as a milestone towards fossil-free fuels and a testament to the marketability and sustainability of RES Nordic's energy projects. Erik Lövgren, Chairman of the Municipal Board in Ånge, emphasizes the transformative power of green hydrogen for both the municipality and the green transition, leveraging Sweden's abundant renewable energy resources. Dr. Mathias Bimberg, Head of Infrastructure at Prime Capital, highlights the Nordic region's suitability for synthetic fuels production due to cost-efficient electricity, renewable energy dominance, and water availability, underscoring the potential of large-scale Power-to-X plants.
In conclusion, the RES-Prime Capital partnership in Ånge marks a significant stride towards green hydrogen and sustainable aviation fuel production, showcasing the region's commitment to renewable energy and sustainable practices.
Topics
Aviation
Renewable Energy
Collaboration
Green Transition
Sustainable Aviation Fuel
Synthetic Fuels
Nordics
Socio-economic Benefits
Renewable Industrial Transition
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