HydrogenPro informed on 8th of January 2021 about the MoU with Repsol which included a 100MW project which i.a. was subject to allocation of Green Deal funding.

HydrogenPro has now been informed that the mentioned 100MW project will not be part of the final Green Deal allocation in 2021. However, and would continue the co-operation and also pursue other financing opportunities.

The CEO of HydrogenPro, Mr Mårten Lunde, states as follows:

“Kvinesdal is an attractive location for developing a powerful center for hydrogen production in Norway. Plentiful access to affordable electricity, easy transportation and not at least, engaged and focused entrepreneurs make us believe in a successful development of the project. We will from our side supply resources and competence from optimalization of large-scale electrolyser plants and assist in communication and discussions with clients and in developing new value chains for hydrogen. Such developments take time, but we clearly see that ambitions and plans are becoming increasingly realistic and expect this development to accelerate”.
Mr Mårten Lunde, The CEO of HydrogenPro

“we are delighted to team up with HydrogenPro in developing our hydrogen ambition. This, in combination with the active support of the municipality, make us very excited about our future opportunities”.
Tore Knapskog, The chairman of Kvina Energy Park