PVTIME – Norwegian green hydrogen developer Gen2 Energy has formally secured a €62 million grant via the European Union’s competitive hydrogen auction. The public funding will support critical infrastructure related to the company’s electrolyser for its Nesbruket green hydrogen demonstration site in Mosjøen, northern Norway. This will advance a flagship Nordic green hydrogen value chain initiative.
Selected under the EU Innovation Fund framework, which is managed by CINEA, the financial support is designed to narrow the cost gap for renewable hydrogen production. The project will integrate large-scale electrolysis hardware alongside supporting liquefaction facilities, with the output earmarked for the supply of zero-emission maritime fuel. It is part of Europe’s broader efforts through the European Hydrogen Bank to increase domestic renewable hydrogen capacity and fulfil FuelEU Maritime regulatory requirements for decarbonising shipping.
The grant signing marks a major milestone in the project’s implementation, moving it past the award phase and into the detailed engineering and procurement workflow. Drawing upon Norway’s abundant low-carbon hydropower resources, the Nesbruket scheme will demonstrate how northern Europe can produce green hydrogen at a competitive cost for hard-to-abate transport sectors. The success of this facility will provide valuable technical and commercial insights for other hydrogen projects within the European Economic Area.
