Gen2 Energy and SEFE discuss potential green hydrogen supply for Germany and North-West Europe

Business Developments & Projects

January 9, 2023, by Ajsa Habibic

Norwegian green hydrogen company Gen2 Energy and Germany’s Securing Energy for Europe (SEFE), former Gazprom Germania GmbH, have signed a memorandum of understanding (MoU) to pursue an offtake agreement for compressed green hydrogen.

Gen2 Energy's facility in Mosjøen. Courtesy of Gen2 Energy

On 6 January, the companies said they were discussing a long-term delivery and offtake of contrainerised compressed hydrogen, whereby hydrogen will be supplied from Gen2 Energy’s planned production facilities in Norway directly to customers in Germany and North-West Europe.

The compressed hydrogen will be delivered in specially designed containers and transported by dedicated ship from the Gen2 Energy’s production sites along the Norwegian coastline to port(s) in Germany, Netherlands and/or UK.

The parties expect to agree on a sales purchasing agreement within the next six months.

Their target is to secure an agreement for an initial volume from Gen2 Energy’s first production facility in Mosjøen as well as explore further cooperation of mutual interest. Expected commencement of delivery will be late 2025 or in 2026.

With the agreement, SEFE said it is aiming to supply customers with hydrogen at a time when the value chain and the infrastructure in Germany and Europe are still at an early stage of development.

Egbert Laege, Managing Director of SEFE, said: “The agreement is of tremendous strategic importance to the SEFE Group. The project with Gen2 Energy advances SEFE in its role as an enabler of the energy transition in Germany and Europe. We are thrilled by the progress made with Gen2Energy for supplying our markets in North-West Europe with green hydrogen.”

Jonas Meyer, CEO in Gen2 Energy, added: “We are very pleased to sign this agreement with SEFE Group. Hydrogen will be a core component of the future energy mix and key part of the path to net-zero. Gen2 Energy works diligent to supply Europe with green hydrogen from Norway, and the agreement with SEFE fits well into our long-term ambition.”