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Ørsted takes FID on first renewable hydrogen project
Ørsted has taken its final investment decision (FID) on the Danish demonstration project H2RES, which will use offshore wind energy to produce renewable hydrogen. The project is expected to produce its first hydrogen in late 2021 and will be Ørsted's first renewable hydrogen project.
The H2RES project will investigate how to best combine an electrolyser with the fluctuating power supply from offshore wind, using Ørsted's two 3.6 MW offshore wind turbines at Avedøre Holme. H2RES will have a capacity of 2 MW. The facility will produce up to 1,000 kg/d of renewable hydrogen, which will be used to fuel road transport in Greater Copenhagen and on Zealand, the largest and most populous island in Denmark.
Martin Neubert, Executive Vice President and CEO of Ørsted Offshore, says: ‘We see renewable hydrogen and other sustainable fuels as cornerstones in reaching net-zero emissions by 2050, and H2RES will contribute with key learnings to turn Europe's ambitious build-out targets for renewable hydrogen into a new industrial success story. With the right framework in place that incentivises the shift away from fossil fuels, renewable hydrogen can decarbonise transport and heavy industry, which is paramount to creating a world that runs entirely on green energy.’
Avedøre power station, where H2RES will be located
Photo: Ørsted
News Item details
Journal title: Petroleum Review
Countries: Denmark -
Subjects: Banking, finance and investment, Hydrogen, Offshore wind
