Norwegian project developer GreenH and German asset manager Luxcara have taken a final investment decision (FID) on a 20MW renewable hydrogen project in Norway's Bodo municipality.
The plant is slated to produce up to 3,100 t/yr of renewable hydrogen from 2026. The supply will be delivered to ferry operator Torghatten Nord, making the plant the first to deliver pressurised renewable hydrogen directly to a maritime vessel, according to GreenH.
GreenH2 and Torghatten Nord in August 2023 struck an agreement for renewable hydrogen supply in 2025-40. Torghatten Nord will use the hydrogen on two ferries which are scheduled to start operations in October 2025.
The company also plans to sell oxygen and waste heat from the facility to generate additional revenue.
GreenH secured a 1bn Norwegian kroner ($89mn) financing package for the plant "through private placements, loan schemes and a share purchase" over the past few years. The funding includes NOK129mn from Norwegian government body Enova which was confirmed last month. This is part of a larger NOK391mn award from the body for three projects planned by GreenH.
Luxcara is also involved in the 100MW Hamburg Green Hydrogen Hub in Germany which is due to start construction this year with a view to starting production in 2027.
