We are funding hydrogen production in Rjukan

'This is very exciting. The green hydrogen market is still emerging and at an early stage, but it has significant global potential. We are helping to fund this initiative to position Norwegian industry in a sector that could play an important role in Norway's green transition,' says our CEO, Håkon Haugli.

The company says our support has been crucial in making the project possible:

‘Our support makes it possible for us to complete the first phase of our hydrogen project in Rjukan. We now have the opportunity to establish a state-of-the-art green hydrogen production facility in the cradle of Norway’s industrial history,’ says Jens Berge, CEO of Norwegian Hydrogen.

Last week, the company announced that it had also secured funding from the EU Hydrogen Bank.

Rjukan was not chosen by chance. The town offers ready access to renewable hydropower, robust industrial infrastructure and experience in energy-intensive production. This creates favourable conditions for efficient and sustainable hydrogen production. Rjukan is also strategically located for distribution to both the Norwegian and wider Nordic markets. The project builds on the town's industrial heritage and contributes to green value creation in rural areas.

We look forward to following the project's progress. It has strong potential to drive green growth, create new jobs and generate value in rural areas. Building on a solid industrial heritage, the project could make an important contribution to the green transition.

‘It shows how new technology and renewable energy can be harnessed with the future in mind. We look forward to following its progress and seeing how the project can fulfil its potential,’ Haugli concludes.