Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • South Korea’s Largest Hydrogen-Only Fuel Cell Plant Begins Operation in Ulsan
  • Ingeteam Commissions Castilla y León’s First Green Hydrogen Plant
  • Norway’s Karmsund Hydrogen Project to Begin Operations in 2028
  • ITM Power Bets on ‘Hydrogen-as-a-Service’ with New German Subsidiary Hydropulse
  • Greece Weighs Hydrogen Ambitions Against Power Costs and Lack of Subsidies
  • Teesside to Anchor £96M Pipeline Push as Ofgem Backs East Coast Hydrogen Network
  • RIC Energy Secures Site for 220MW Hydrogen-Based E-Fuels Project in Castilla y León
  • ITM Power Gets FEED Contract for Uniper’s Humber H2ub
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Europe
Green Hydrogen H2 News

Iceland: Green hydrogen for marine sector

Arnes BiogradlijaBy Arnes Biogradlija06/08/20212 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

Iceland’s ambitious goal of becoming carbon neutral by 2040 took another step forward with the announcement of plans for an innovative new project that would harness the power of hydrogen to power transportation.

HS Orka and Hydrogen Ventures Limited (H2V) announced today bold plans to build a green methanol manufacturing plant powered by green hydrogen to power the marine sector, as well as personal and commercial vehicles such as automobiles, vans, and lorries.

Iceland now generates more than 80% of its energy from renewable sources – mostly geothermal and hydropower – but the development of green hydrogen projects would enable the country to legitimately claim to be a world leader in renewable and clean energy.

H2V’s Chief Executive Officer Horacio Carvalho said, ‘Iceland has set itself ambitious targets for reducing its carbon emissions and we believe harnessing the power of hydrogen is crucial in achieving them. With its history of utilising renewable energy, Iceland is leading the way, showing the world how zero-carbon can be achieved and we are excited to be a part of this new revolution.’

HS Orka´s CEO Tómas Már Sigurðsson said, ‘We are very excited about this collaboration with H2V which has gathered great deal of knowledge and experience in managing projects of this magnitude. They realize the unique proposition of Iceland and what HS Orka’s Resource Park has to offer, but in addition to electricity, HS Orka will be able to supply them with fresh water and natural carbon dioxide, which is essential for the methanol production‘.

The initiatives of HS Orka/H2V will focus on the utilization of geothermal energy to generate green hydrogen, which will then be utilized to manufacture synthetic fuels. All hydrogen produced and utilized will be certified as ‘green hydrogen,’ which means that the energy required to generate it will originate entirely from renewable sources.

This project will be implemented in two phases, the first with a 30MW input and the second with a considerably bigger scale for the production of green hydrogen. Phase One is expected to cost €100 million in total.

Share. LinkedIn Twitter Facebook Email

Related Posts

Hydrogen

South Korea’s Largest Hydrogen-Only Fuel Cell Plant Begins Operation in Ulsan

25/06/2025
Hydrogen

Ingeteam Commissions Castilla y León’s First Green Hydrogen Plant

25/06/2025
hydrogen

Norway’s Karmsund Hydrogen Project to Begin Operations in 2028

25/06/2025
hydrogen

ITM Power Bets on ‘Hydrogen-as-a-Service’ with New German Subsidiary Hydropulse

25/06/2025
hydrogen

Greece Weighs Hydrogen Ambitions Against Power Costs and Lack of Subsidies

25/06/2025
hydrogen

Teesside to Anchor £96M Pipeline Push as Ofgem Backs East Coast Hydrogen Network

24/06/2025
Hydrogen

South Korea’s Largest Hydrogen-Only Fuel Cell Plant Begins Operation in Ulsan

25/06/2025
Hydrogen

Ingeteam Commissions Castilla y León’s First Green Hydrogen Plant

25/06/2025
hydrogen

Norway’s Karmsund Hydrogen Project to Begin Operations in 2028

25/06/2025
hydrogen

ITM Power Bets on ‘Hydrogen-as-a-Service’ with New German Subsidiary Hydropulse

25/06/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.