15 February 2023
Today's Top Nordic Green News:
- GenH2 and HYDS partnership to produce green liquid hydrogen
- Swedish Ingka invests €30 million in ocean impact investment fund
- Otovo moves to the Oslo Stock Exchange's main list
- New Danish centre invests in experts of the future for the burgeoning PtX sector
- P2X Solutions builds Finland's first hydrogen filling station
- Finnish companies carry out chemical recycling of hard-to-recycle plastic waste and manufacture new high-quality plastic pipes
- SeaTwirl receives US patent
- Vattenfall invests in 76 MW agrivoltaic project in Germany
GenH2 and HYDS partnership to produce green liquid hydrogen
GenH2, a leading US provider of hydrogen infrastructure solutions, announced on 14 February a partnership with Norwegian-based HYDS to produce green liquid hydrogen in Norway and the Nordic region.
Hydrogen Technology World News
Swedish Ingka invests €30 million in ocean impact investment fund
The investment arm of Ingka Group, the largest owner and operator of IKEA, has invested €30 million in a London-based fund focused on the blue economy, including food security, and healthy marine and coastal ecosystems.
Otovo moves to the Oslo Stock Exchange's main list
Norwegian solar energy company, Otovo, is moving up to the main list of the Oslo Stock Exchange following a year of rapid growth and expansion. The company, which helps Europeans use solar energy, has entered six new markets and is now present in 13 markets across Europe. Otovo recently secured a financing package of €125 million for the further development of its solar installation subscription portfolio. The company has now raised €120 million in equity and €100 million in debt since its first pre-seed round in 2016.
New Danish centre invests in experts of the future for the burgeoning PtX sector
CAPeX is a newly established centre that aims to create new experts in the field of power-to-x (PtX) through a collaboration between several Danish universities as well as Stanford University, the University of Toronto, and Utrecht University. The centre will spend DKK 300 million towards creating over 100 new PtX experts over its lifetime of 13 years. The lack of experts in the field is one of the central challenges in Danish climate policy. CAPeX aims to bridge the gap between the industry and research to create the next generations of experts to take on global challenges.
P2X Solutions builds Finland's first hydrogen filling station
Green hydrogen and synthetic fuel producer and distributor, P2X Solutions, is building the first hydrogen filling station in the Helsinki region. The station is scheduled to be commissioned in the fall of 2024.
Finnish companies carry out chemical recycling of hard-to-recycle plastic waste and manufacture new high-quality plastic pipes
Neste, Uponor, Wastewise, and Borealis have collaborated to produce cross-linked polyethylene (PEX) pipes using a chemical recycling method based on industrial plastic waste from PEX pipe production, resulting in high-quality polymers with the same properties as the original products. The project demonstrates the possibility of recycling even the most difficult-to-recycle plastic waste and closing the loop for PEX pipes. The entire value chain is traceable via an ISCC PLUS certified mass balance method. The collaboration aims to create a circular materials transition and use 100% of PEX waste as raw material in the long term.
SeaTwirl receives US patent
SeaTwirl has received a patent for its anchoring solution from the US Patent Office. The solution involves using one or more floating bodies to improve the stability of offshore wind turbines and reduce the risk of them being pulled below the water surface during severe weather. The patent is part of SeaTwirl's efforts to build a broad patent portfolio and protect its innovations in the floating wind power market.
Vattenfall invests in 76 MW agrivoltaic project in Germany
Vattenfall is investing in a 76 MW agrivoltaic project in Germany, which involves combining solar energy generation and agriculture on the same land. The project Tützpatz in Mecklenburg-Western Pomerania, will consist of over 200,000 solar panels spread over an area of about 162 hectares. This project is expected to be operational by 2025 and will produce enough renewable energy to power around 30,000 households - helping Germany meet its climate targets, which include expanding the use of renewable energy sources. Agrivoltaic projects like this one offer dual-use benefits, where the same land can be used for both energy production and agriculture, allowing farmers to continue using the land for crop production. The combination of solar energy generation and agriculture also creates a microclimate that can improve crop yields and reduce water consumption.
What we’re reading
- Rising seas threaten ‘mass exodus on a biblical scale’, UN chief warns (The Guardian)
- A war for climate talent is hotting up (Financial Times)
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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