10 May 2022
H2 Green Steel secures orders worth SEK 100 billion
H2 Green Steel has announced that, so far the company has secured orders of more than half of the annual production that their facility in Boden is expected to produce once it has been completed in 2025. Of the estimated annual production of 2.5 million tonnes of steel, 1.5 million tonnes have already been secured in contracts that run for 5-7 years, amounting to SEK 100 billion. Companies that have already signed contracts include Scania, Electrolux, Miele, Lindab, Kingspan and Bilstein.
Press release , Dagens Nyheter
Renewable sources the solution for Finland’s doubled electricity needs
According to a recent report from the Finnish Climate Change Panel, Finland will have to double its electricity production to prepare for greater electrification of society. When industry, traffic and heating are electrified, an increasing part of the country’s final energy demand will be electric, instead of fossil fuels. Thus, the Finnish Climate Panel points to renewable sources such as wind- and hydropower as parts of the solution. Regulation of electricity consumption is further argued as one of the transitional factors that need to be reviewed in order to even out the peaks of electricity consumption.
Finland and the UAE to develop cooperation in energy sector
On 9 May, Finland and the United Arab Emirates (UAE) signed a Memorandum of Understanding (MOU) in the field of energy with the aim to develop technical and economic cooperation in the energy sector. The cooperation further aims to promote the access of Finnish companies to the UAE market. The areas of cooperation covered are clean energy transition, clean and renewable energy, hydrogen, oil and gas, as well as geology and mineral resources - including waste management and spent fuel disposal.
New project to show the way for PtX in Copenhagen
The Capital Region of Denmark has joined forces with Aalborg University and the think tank Green Energy for a new project that will map out the opportunities and a basis for placing Power-to-X plants in the capital area; as well as how to utilise the surplus heat from the PtX plants for district heating. The project will kick off on 7 June, when heating companies, municipalities and other stakeholders will have the opportunity to provide input and have an influence on what the final analysis will look like. The project is expected to be completed in 2023.
Småkraft and SKL enter into hydrogen cooperation
Småkraft and Sunnhordsland Kraftlag (SKL) have entered into collaboration with Hydrogen Solutions on hydrogen production from small power plants. Hydrogen Solutions has developed scalable solutions for locally produced green hydrogen based on electrolysis of water using electrical energy. The production equipment and solutions are then adapted to different needs and can be scaled up from very small plants of a few hundred KW to large plants of several tens of MW.
“A collaboration between the companies means that we can position ourselves more directly in the market, and over large parts of the country. In addition to utilising existing small power production, the collaboration also opens up for the realisation of small power projects that have been put ‘on hold’ with a lack of grid connection”, said Småkraft CEO Terje Vedeler.
What we’re reading
- Climate change: 'Fifty-fifty chance' of breaching 1.5C warming limit (BBC)
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
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