HydrogenPro (Norwegian start-up designs and supplies customised hydrogen plants) in cooperation with and Kvina Energy Park (KEP) are planning to develop a hydrogen hub in the Kvinesdal municipality in Norway.
KEP has been planning to develop a hydrogen production hub that could produce 100k tonnes/year of hydrogen in Kvinesdal, Feda fjord, Norway. The hydrogen will replace fossil-based hydrogen, thus reducing around 190k tonnes/year of CO2 emission. It is currently acquiring the essential permits for the hydrogen plant and power allocation.
The proximity to the power grid will ensure the allocation of up to 800 MW of electricity annually. Electricity is the main cost component in making green hydrogen and one of the key factors making green hydrogen uncompetitive against fossil hydrogen.
HydrogenPro´s technology is efficient and cut power consumption by 14%. The partners expect that the Kvina site will produce hydrogen at economical rates of as low as US$ 1.2/ kg, depending on attractive power rates.
Both partners will establish a new Joint venture company called Kvina Hydrogen AS to be involved in the industrial and commercial development of the project. KEP will offer management, industrial and commercial development services. HydrogenPro will help with the electrolysers and hydrogen value chain.
Mr Per Sverre Kvinlaug, the mayor of Kvinesdal, said, “Our location relative to the main electricity grid, train, road and sea makes Kvinesdal attractive in a national perspective.”
Mr Mårten Lunde, CEO of HydrogenPro, staid, “We will from our side supply resources and competence from optimalization of large-scale electrolyser plants and assist in communication and discussions with clients and in developing new value chains for hydrogen.”
Tore Knapskog, the chairman of Kvina Energy Park, commented, “This, in combination with the active support of the municipality, make us very excited about our future opportunities”.