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Everfuel - MoU signed with GHH Denmark for green hydrogen storage and supply
Herning, Denmark, 18 December 2020 - Everfuel A/S have signed a Memorandum of
Understanding (MoU) with Green Hydrogen Hub Denmark (GHH). The parties wish to
explore a long-term cooperation leading to GHH potentially becoming a strategic
supplier of hydrogen and hydrogen storage capacity to Everfuel's growing green
hydrogen fuel operations and further ambitions within this emerging industry.
GHH is looking into developing a 350 MW electrolysis plant, 200.000 MWh hydrogen
storage and a 320 MW Compressed Air Energy Storage (CAES) facility between the
cities of Viborg and Hobro, Denmark. The location of the project is close to
existing energy infrastructure, including high-voltage electricity transmission
grid, gas transmission network and underground gas storage and wind resources in
the Northern Seas Region. GHH is a collaboration between Eurowind Energy, Corre
Energy and Gas Storage Denmark.
"Balancing of renewables and storage of large amounts of hydrogen are needed to
fully implement green hydrogen as a fuel. GHH will enable this at scale with its
planned facilities including 4,000 ton of underground hydrogen storage. We also
have a long-term ambition of connecting independent hydrogen hubs with
pipelines, including our Fredericia Hub and GHH, to further increase flexibility
and robustness of the hydrogen fuel supply chain", says Jacob Krogsgaard,
founder and CEO of Everfuel.
"GHH represents one of the most ambitious and strategically important hydrogen
projects in Denmark. We look forward to developing a long-term relationship with
the potential of GHH both supporting us as a supplier of hydrogen fuel and
buffer storage", Krogsgaard continues.
The initial focus for Everfuel and GHH will be on exploring new business
opportunities based on GHH's storage and production capacity combined with
Everfuel's growing ability to take delivery of and distribute large volumes of
hydrogen supported by sophisticated models forecasting purchasing trends, with
the aim of entering into a binding trade agreement. This may include Everfuel at
some point becoming an investor in the GHH facilities.
"We aim to lead the development of commercially viable, 100% green, large-scale
hydrogen production and storage solutions in Denmark and have an ambition to
grow across Europe, fully aligned with Europe's Green Deal ambitions, providing
hydrogen and energy storage networks. Partnering with Everfuel, a leading
ambitious European hydrogen fuel company, represents an important step towards
realizing our ambitions by accelerating the energy transition and promoting the
deployment of hydrogen technologies," says Jens Rasmussen, CEO of Eurowind
Energy, one of three companies behind Green Hydrogen Hub Denmark.
"We are delighted to have signed this MoU with Everfuel. The Green Hydrogen Hub
represents a catalyzing project to achieve economies of scale for a range of
green hydrogen use cases, serving both power and hydrogen markets. We look
forward to our collaboration with Everfuel and driving our collective ambitions
to realize the hydrogen future", says Keith McGrane, CEO of Corre Energy and
lead developer of the CAES facility in the Green Hydrogen Hub Denmark.
Herning, Denmark, 18 December 2020 - Everfuel A/S have signed a Memorandum of
Understanding (MoU) with Green Hydrogen Hub Denmark (GHH). The parties wish to
explore a long-term cooperation leading to GHH potentially becoming a strategic
supplier of hydrogen and hydrogen storage capacity to Everfuel's growing green
hydrogen fuel operations and further ambitions within this emerging industry.
GHH is looking into developing a 350 MW electrolysis plant, 200.000 MWh hydrogen
storage and a 320 MW Compressed Air Energy Storage (CAES) facility between the
cities of Viborg and Hobro, Denmark. The location of the project is close to
existing energy infrastructure, including high-voltage electricity transmission
grid, gas transmission network and underground gas storage and wind resources in
the Northern Seas Region. GHH is a collaboration between Eurowind Energy, Corre
Energy and Gas Storage Denmark.
"Balancing of renewables and storage of large amounts of hydrogen are needed to
fully implement green hydrogen as a fuel. GHH will enable this at scale with its
planned facilities including 4,000 ton of underground hydrogen storage. We also
have a long-term ambition of connecting independent hydrogen hubs with
pipelines, including our Fredericia Hub and GHH, to further increase flexibility
and robustness of the hydrogen fuel supply chain", says Jacob Krogsgaard,
founder and CEO of Everfuel.
"GHH represents one of the most ambitious and strategically important hydrogen
projects in Denmark. We look forward to developing a long-term relationship with
the potential of GHH both supporting us as a supplier of hydrogen fuel and
buffer storage", Krogsgaard continues.
The initial focus for Everfuel and GHH will be on exploring new business
opportunities based on GHH's storage and production capacity combined with
Everfuel's growing ability to take delivery of and distribute large volumes of
hydrogen supported by sophisticated models forecasting purchasing trends, with
the aim of entering into a binding trade agreement. This may include Everfuel at
some point becoming an investor in the GHH facilities.
"We aim to lead the development of commercially viable, 100% green, large-scale
hydrogen production and storage solutions in Denmark and have an ambition to
grow across Europe, fully aligned with Europe's Green Deal ambitions, providing
hydrogen and energy storage networks. Partnering with Everfuel, a leading
ambitious European hydrogen fuel company, represents an important step towards
realizing our ambitions by accelerating the energy transition and promoting the
deployment of hydrogen technologies," says Jens Rasmussen, CEO of Eurowind
Energy, one of three companies behind Green Hydrogen Hub Denmark.
"We are delighted to have signed this MoU with Everfuel. The Green Hydrogen Hub
represents a catalyzing project to achieve economies of scale for a range of
green hydrogen use cases, serving both power and hydrogen markets. We look
forward to our collaboration with Everfuel and driving our collective ambitions
to realize the hydrogen future", says Keith McGrane, CEO of Corre Energy and
lead developer of the CAES facility in the Green Hydrogen Hub Denmark.
