Statkraft Receives Support From EU Innovation Fund for Planned Hydrogen Production in Germany

Grant of EUR 107 Million for the Development of a 200 MW Electrolysis Plant and a 50 MW Heat Pump System Is Now Being Negotiated

With the launch of the hydrogen core network, industrial companies nationwide are set to be supplied with green hydrogen. The heating sector will also be decarbonized locally, pushing forward the goal of reducing emissions.

Statkraft, Europe's largest producer of renewable energy, has been allocated support by the European Union for its plans to establish a hydrogen production site in Emden, Lower Saxony. The company was selected to negotiate a grant decision for a subsidy of up to EUR 107 million.

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This project includes a 200 MW electrolysis plant and a 50 MW heat pump system, making it possible to produce up to 20,000 tonnes of renewable hydrogen and generate up to 50,000 MWh of green heat annually. Statkraft already supplies industrial customers in Emden with district heating from its biomass plant.

The potential funding comes from the EU Innovation Fund, which supports innovative technologies aimed at reducing greenhouse gas emissions across Europe.

"In Emden, we are opening the first chapter of our ambitious hydrogen plans in Germany," said Helge-Jürgen Beil, Vice President Hydrogen at Statkraft in Germany. "We want to be one of the leading producers of green hydrogen in Germany and are very pleased that we can count on EU funding for this project, which is important for us."

Statkraft has already signed several letters of intent with potential customers for green hydrogen and green district heating in Emden. The company will now enter into negotiations on the grant decision with the EU, aiming to secure funding to move the project forward.

In addition, Statkraft is making significant progress with its hydrogen pilot project, which involves the development of a 10 MW electrolyzer to produce green hydrogen at the Emden site. An investment decision for the construction of the pilot plant is expected to be made this year, which will supply hydrogen to regional filling stations.

"The announced support is a recognition that Statkraft is working innovatively with its hydrogen initiative and constitutes an important contribution to realizing our strategic ambition to become a significant player in green hydrogen in Europe," concluded Bjørn Holsen, SVP Hydrogen at Statkraft.

About Statkraft

Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations, with around 7,000 employees in more than 20 countries.