Under the agreement, the Scottish company will aim to deliver hydrogen solutions for the Norwegian and Scandinavian energy markets with the option to extend the co-operation to other regions.

Logan Energy and Moreld will join forces to connect production sites directly with local renewable energy sources to both fuel and decarbonise industry in the region. It is anticipated Logan will supply technology solutions while Moreld will provide local market intelligence and construction support.

Logan Energy supplies systems to Europe and further afield while Moreld Apply is a leading multi-discipline engineering company, specialising in contracts across all project phases – from concept development and studies to completion, commissioning and maintenance.

Karsten Gudmundset, CEO of Moreld Apply, said the MoU is strategically important and leverages on its strong engineering and technology base to continue growing its market share within new sustainable business segments.

The Nordic and Scandinavian market has taken an early lead in the energy transition challenge. With a heavy focus on renewable power, the region is arguably decades ahead of other markets.

The region features leading levels of renewable power – and, historically, the lowest power prices in Europe. Norway, for example, features near 100% renewable supply, and Denmark has the world’s highest level of wind and solar penetration.

Bill Ireland, CEO of Logan Energy, said: “This is an exciting development in our desire to extend the reach of our expertise by collaborating with partners such as Moreld. It has the potential to create jobs and demonstrate the importance of hydrogen as part of the modern energy mix.”