Everfuel and Hydro to cooperate on hydrogen supply
Danish green hydrogen fuel provider Everfuel has signed a Memorandum of Understanding (MoU) with Norsk Hydro’s renewable hydrogen company for cooperation on industrial-scale hydrogen supply.
The companies will establish a framework for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe.
They intend to develop projects adjacent to Hydro-owned aluminum plants with dedicated special purpose companies (SPV) facilitating the construction and operation of each electrolyser. The SPVs will either be fully owned by Hydro, or majority-owned by Everfuel, depending on the expected offtake from the specific site.
The companies have initially agreed to focus on three sites in Norway and in mainland Europe. The sites will be announced in the second half of 2021. Everfuel will be the majority owner of two of the initial sites.
Everfuel is currently developing a ‘Hydrogen distribution center’ solution for fast and safe fueling of high-capacity hydrogen trailers. As part of the cooperation with Hydro, Everfuel will install and operate hydrogen distribution centers at the electrolyser sites adjacent to Hydro-owned aluminum plants.
“Hydro is a partner of choice for us as we prepare to expand from project development in Scandinavia, BeNeLux and Germany to building our presence across Europe in the coming years. Access to electrolysers with an industrial baseload and flexibility to increase production to meet growing mobility demand will be a key factor for Everfuel as we deliver on our long-term ambitions,” says Jacob Krogsgaard the founder and CEO of Everfuel.
“We need to power the world on renewable energy, and renewable hydrogen is a way to bring green energy to industries and sectors that historically have been hard to decarbonize. Hydrogen use will enable more sustainable operations in Hydro, and through the partnership with Everfuel we will also be able to supply the growing green mobility market in Europe,” says Arvid Moss, executive vice president for energy in Hydro.