19 April 2023
Today's Top Nordic Green News:
- Denmark opens DKK 1.25 billion tender for green hydrogen production
- Luxembourg to fund solar power projects in Finland through EU's renewable energy financing mechanism
- Scania and Northvolt develop battery with 1.5 million kilometre lifespan for heavy electric transport
Denmark opens DKK 1.25 billion tender for green hydrogen production
Denmark is operating a DKK 1.25 billion for the production of green hydrogen as part of its plan to expand offshore wind power. The investment will support the technology of Power-to-X, which converts green power into hydrogen for industry and fuels. Denmark aims to build 4-6GW of electrolysis capacity in 2030, with the latest tender contributing to achieving that goal. The government is also planning to increase the reserved sea area for offshore wind turbines from 15% to 30% and promote the transplantation of more wind turbines per square metre.
Luxembourg to fund solar power projects in Finland through EU's renewable energy financing mechanism
It was announced that Luxembourg will finance solar power projects in Finland with €40 million through the EU's new renewable energy financing mechanism (RENEWFM). The supported projects will be selected through a competitive bidding process, which will be managed by the European Commission and the European Climate, Infrastructure and Environment Executive Agency (CINEA).
Scania and Northvolt develop battery with 1.5 million kilometre lifespan for heavy electric transport
Scania and Northvolt have developed a lithium-ion battery cell for heavy electric transport, with a lifespan of 1.5 million kilometres, equivalent to the life of a truck. The battery cell is manufactured with fossil-free electricity in northern Sweden, and its carbon footprint is about one third of the average for a comparable product. Scania's new battery factory in Södertälje will assemble cells into battery packs for electric trucks for heavy transport. Northvolt has secured contracts worth over USD 55 billion from key customers, including Scania, BMW, Volkswagen, Volvo Cars and Polestar.
HydrogenPro and ANDRITZ partner to scale up electrolyzer manufacturing to support green hydrogen economy
Norwegian HydrogenPro and Austrian technology group ANDRITZ have entered into a partnership to scale up manufacturing and assembly of electrolysers for the European market. The collaboration will combine HydrogenPro’s expertise in high-pressure alkaline electrolyser technology with ANDRITZ’s competence in manufacturing and assembly. ANDRITZ will include HydrogenPro’s technology in its EPC offering of green hydrogen solutions, allowing HydrogenPro to speed up its technology offering to the European market. The partnership is aimed at increasing electrolysis capacities needed to support the emerging green hydrogen economy in Europe. HydrogenPro's CEO, Tarjei Johansen, said the partnership with ANDRITZ will allow the company to have a solid global footprint and reach its goal of more than 5 GW of electrolysis capacity in five years.
Ørsted collaborates with Acciona to advance floating offshore wind technology in Europe
Ørsted has signed a letter of intent with Acciona's infrastructure division to collaborate on reducing the environmental impact and cost of electricity from floating offshore wind, industrialising the production of concrete foundations and establishing a European supply chain to support Ørsted's portfolio of development projects in floating offshore wind in Europe. The companies will investigate the use of CO2-neutral materials such as biocement and bioconcrete and other materials and solutions that support their goals for biodiversity and CO2 reduction. This collaboration aims to expand Ørsted's European pipeline of floating offshore wind projects with Spain as an important market. By the mid-2030s, more than 20% of new offshore wind farms are expected to be on floating foundations.
What we’re reading
- Climate-focused Congruent Ventures closes $300M continuity fund (Pitchbook)
- Record EU gas storage raises hopes of cutting Russian dependence (Financial Times)
- EU companies only 12% of the flood of clean tech investment in America (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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