The company reserved 87MW of power from the Vesfn municipality’s existing hydropowered grid to support the project’s first 30 tonnes per day phase, as it looks toward final investment decision (FID).
Planned to be built in Nesbruket, Mosjøen, which sits at the end of a 48km fjord, the plant is expected to supply maritime applications in the region.
“The capacity reservation provides the predictability we need to move the project towards [an FID] and construction start,” said Len Halvari, Gen2 CEO.
Halvari also emphasised the project’s importance in reducing emissions in the maritime sector and creating new jobs and industrial development in Helgeland.
In October, Gen2 said it would explore setting up a liquid hydrogen trade route with MB Energy to supply offtake markets in Germany from the Nesbruket site.
The remaining power capacity is subject to planned grid development in Helgeland, Gen2 said, with plans to gradually scale up to the nameplate 195MW.
Statnett, Norway’s power transmission operator, will play a key role in the development.
Statnett recently announced investments of up to €17bn ($20bn) in the country’s power grid by 2035. Over 50% of this is allocated for upgrading the country’s transmission grid.
The project forms a key part of Gen2’s project pipeline, including four Norwegian developments, totalling 995MW.
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