Innovation Norway Grants Aker Horizons up to NOK 135 million for Rjukan Green Hydrogen Project

FORNEBU, Norway: Innovation Norway awards Aker Horizons NOK 135 million for Rjukan’s green Hydrogen project. Green energy developer, Aker Horizons, secures funding for Hydrogen production facility in eastern Norway. Innovation Norway awards up to NOK 135 million in loans and grants for Aker Horizons' green Hydrogen project in Rjukan.

Aker group's dedicated arm for global decarbonization of industry launched in November 2020. Reducing CO₂ emissions globally. Aker Horizons incubates and invests in companies to drive sustainable growth and create shareholder value. Aker Horizons prioritizes sustainable investment for global CO₂ emission reduction and economic growth. Renewable energy, Carbon capture, and Hydrogen, Aker Horizons' diversified strategy for global decarbonization, net zero by 2050. Aker Horizons prioritizes renewable energy, Carbon capture, and Hydrogen as key decarbonization levers. Industrial-scale Hydrogen projects for energy-intensive hard-to-abate industries. Aker Horizons targets green Ammonia, Methanol, and Iron production.

Innovation Norway grants up to NOK 135 million to Rjukan project for green Hydrogen production. Green growth loan and grants awarded by innovation Norway for Rjukan project's green Hydrogen production. Aker Horizons' Rjukan project secures funding from innovation Norway for early move in green Hydrogen production. Aker Horizons aims for commercial operation of Rjukan green Hydrogen production site by 2025.

A Horizons asset development thanks innovation Norway for funding Rjukan Hydrogen project. Innovation Norway’s support will enable Aker Horizons to scale up Hydrogen production at Rjukan. Rjukan project to serve as blueprint for Aker Horizons' large-scale green Ammonia initiative in Narvik. Aker Horizons aims for cost-competitive green Hydrogen as a climate solution for net-zero emissions, says CEO Knut Nyborg.

Innovation Norway CEO praises Rjukan green Hydrogen project as key to Norway’s energy transition. Green Hydrogen commercialization: a vital component of Norway’s push for sustainable energy, says innovation Norway CEO. Rjukan project an early mover in the green Hydrogen space with significant growth potential, highlights innovation Norway CEO. Increased exports and sustainable energy goals possible with Rjukan green Hydrogen project, reinforces Hakon Haugli.

Norwegian government's green industrial initiative roadmap prioritizes sustainable Hydrogen value chain development. Sustainable Hydrogen production, distribution and use key to Norwegian government's green industrial initiative, asserts announcement. Norwegian government's roadmap for green industrial initiative emphasizes Hydrogen value chain development.

Aker Horizons to supply Eastern Norway's industry, shipping, and mobility sectors with compressed Hydrogen from Rjukan. Pre-feed complete for Rjukan project, permitting underway for Aker Horizons' compressed Hydrogen delivery. Partnership discussions advancing well for Rjukan project's sustainable Hydrogen production and distribution, notes Aker Horizons. Aker Horizons secures letter of intent from off taker for substantial amount of Rjukan Hydrogen production.

Aker Horizons' Rjukan project to generate significant investment and green jobs, notes asset development manager Ragnhild Stokholm. Tinn municipality and Rjukan chamber of commerce collaborate with Aker Horizons to explore circular economic opportunities for Rjukan Hydrogen plant's waste heat. Rjukan Hydrogen plant to boost local economy with investment and job creation, highlights Aker Horizons' Ragnhild stokholm.