195;rsted A/S Ørsted Breaks Ground On First Renewable Hydrogen Project
18 May 2021 - 12:30AM
Dow Jones News
TIDMORSTED
Today, Dan Jørgensen, the Danish minister for Climate, Energy &
Utilities, led the groundbreaking ceremony of the H2RES project, marking
the onsite construction start of Ørsted's first renewable hydrogen
project.
H2RES will have a capacity of 2 MW and will be situated on Ørsted's
premises on Avedøre Holme in Copenhagen. The project will
investigate how to best combine an efficient electrolyser with the
fluctuating power supply from offshore wind, using Ørsted's two 3.6
MW offshore wind turbines at Avedøre Holme.
The facility will produce up to around 1,000 kg of renewable hydrogen a
day, which will be used to fuel zero-emission road transport in the
Greater Copenhagen area and on Zealand. The project is expected to
produce its first hydrogen in late 2021.
In less than three years, Ørsted has, with partners, established
nine renewable hydrogen projects in Denmark, Germany, the Netherlands,
and the United Kingdom so far, spanning from demonstration projects like
H2RES to industrial-scale visions like the potentially 1,300 MW 'Green
Fuels for Denmark' project.
Anders Nordstrøm, Vice President and Head of Ørsted's hydrogen
and PtX activities, says:
"H2RES will be a small, but very important first step in realising
Ørsted's large ambitions for renewable hydrogen, which has fast
proven itself as a centrepiece in the green transformation of the
European economy to net-zero emissions by 2050. At Ørsted, we
believe that renewable hydrogen can become an industrial stronghold of
several European economies, including Denmark, while also contributing
significantly to bringing down emissions from the hard-to-abate sectors
in transport and industry."
The Energy Technology Development and Demonstration Program (EUDP) under
the Danish Energy Agency has previously awarded DKK 34.6 million to the
development of the H2RES project to Ørsted, Everfuel Europe A/S,
NEL Hydrogen A/S, Green Hydrogen Systems A/S, DSV Panalpina A/S,
Hydrogen Denmark, and Energinet Elsystemansvar A/S.
For further information, please contact:
Media Relations
Michael Korsgaard
+ 45 99 55 94 25
mikon@orsted.dk
Investor Relations
Allan Bødskov Andersen
+ 45 99 55 79 96
ir@orsted.dk
About Ørsted
The Ørsted vision is a world that runs entirely on green energy.
Ørsted develops, constructs, and operates offshore and onshore wind
farms, solar farms, energy storage facilities, and bioenergy plants, and
provides energy products to its customers. Ørsted ranks as the
world's most sustainable energy company in Corporate Knights' 2021 index
of the Global 100 most sustainable corporations in the world and is
recognised on the CDP Climate Change A List as a global leader on
climate action. Headquartered in Denmark, Ørsted employs 6,311
people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted).
In 2020, the group's revenue was DKK 52.6 billion (EUR 7.1 billion).
Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and
Twitter.
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(END) Dow Jones Newswires
May 17, 2021 10:15 ET (14:15 GMT)
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