Gen2 Energy secures offtake promise for Norwegian production

Gen2 Energy and Wingas have taken a major step towards importing green hydrogen from Norway into Germany by signing a transaction term sheet paving the way to a future sales and purchasing agreement.

Gen2 Energy received a general building permit for its first hydrogen plant in Mosjøen, Norway (Image credit: Gunnar E Nilsen/500px via Getty Images)

Gen2 Energy’s business is to develop, build, own and operate an integrated value chain for green hydrogen. It aims to deliver green hydrogen to end users in Norway and western and northern Europe.

The green hydrogen is to be produced using Norwegian renewable hydropower and wind power. The company is targeting several large-scale production facilities for green hydrogen located in Norway and northern Europe.

In September, Gen2 Energy received a general building permit for its first hydrogen plant in Mosjøen, Norway, and for the associated administrative building from Vefsn municipality. The facility will have a production capacity of approximately 42t/d of green hydrogen.

The signing of the term sheet confirms market interest – a vital element towards a final investment decision for the hydrogen plant.

Before construction can commence, Vefsn municipality must issue project start-up permissions for the various parts of the facility and complete a successful application to the directorate for civil protection. 

Wingas’ parent company, Securing Energy for Europe (SEFE), is an integrated midstream energy company headquartered in Berlin, Germany. It is active in energy trading, portfolio management and storage operations.

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