Statkraft Halts New Green Hydrogen Development Amid Market Uncertainty

Statkraft stops new development of green hydrogen projects - Hydrogen Central

Statkraft stops new development of green hydrogen projects Statkraft has decided to stop new development of green hydrogen due to increased uncertainty in the market. Parts of the portfolio will be matured before seeking investors to realise the projects. Statkraft has developed expertise and created value in green hydrogen projects in line with our strategy across various European markets, including Norway, Sweden, the UK, Germany, the Netherla…

Statkraft has decided to stop the development of green hydrogen due to the growing uncertainty in the market, so the company will mature parts of the portfolio before seeking investors for the realization of the projects. Related:Europe needs energy and hydrogenStatkraft has developed experience and created value in green hydrogen projects in line with its strategy in several European markets, including Norway, Sweden, the United Kingdom, German…

For the time being, the Norwegian energy group Statkraft is halting its development of new hydrogen projects. "Some existing projects in Europe are to be further developed before investors are sought for implementation," the group based in Düsseldorf announced. The company is justifying the changes with increasing uncertainty in the construction of the hydrogen industry.

Statkraft Halts New Green Hydrogen Development Amid Market Uncertainty

Statkraft has announced it will stop pursuing new green hydrogen development projects due to growing market uncertainty, marking a strategic shift in its approach to hydrogen investments. The company has […] The post Statkraft Halts New Green Hydrogen Development Amid Market Uncertainty appeared first on SolarQuarter.

POLL: Does hydrogen have a significant role to play in the energy transition?

Energy giant Statkraft this week announced it had decided to stop developing new green hydrogen projects across all markets – other than the UK. POLL: Does hydrogen have a significant role to play in the energy transition?

After investing 600 million kroner, Statkraft is dropping all hydrogen projects that do not receive significant government support. Celsa's green steel in Mo i Rana is a slim chance.