The purpose of the MoU is to explore a long-term cooperation in which the Green Hydrogen Hub could become a strategic supplier of hydrogen and hydrogen storage capacity to Everfuel’s growing green hydrogen fuel operations.
The Green Hydrogen Hub is looking into developing a 350 MW electrolysis plant, 200.000 MWh hydrogen storage and a 320 MW Compressed Air Energy Storage (CAES) facility between the cities of Viborg and Hobro, Denmark. The location of the project is close to existing energy infrastructure, including high-voltage electricity transmission grid, gas transmission network and underground gas storage and wind resources in the Northern Seas Region.
The initial focus for the Green Hydrogen Hub and Everfuel, will be on exploring new business opportunities based on storage and production capacity. This would be combined with Everfuel’s growing ability to take delivery of and distribute large volumes of hydrogen, supported by sophisticated models forecasting purchasing trends. The hope for this, is the entrance into a binding trade agreement amongst the two parties.
Keith McGrane, CEO of Corre Energy and lead developer of the CAES facility in the Green Hydrogen Hub Denmark, states: “We are delighted to have signed this MoU with Everfuel. The Green Hydrogen Hub represents a catalyzing project to achieve economies of scale for a range of green hydrogen use cases, serving both power and hydrogen markets. We look forward to our collaboration with Everfuel and driving our collective ambitions to realize the hydrogen future.”
“Partnering with Everfuel, a leading ambitious European hydrogen fuel company, represents an important step towards realizing our ambitions by accelerating the energy transition and promoting the deployment of hydrogen technologies,” says Jens Rasmussen, CEO of Eurowind Energy, a member of the Green Hydrogen Hub consortium.
“Balancing of renewables and storage of large amounts of hydrogen are needed to fully implement green hydrogen as a fuel. The Green Hydrogen Hub will enable this at scale with its planned facilities including 4,000 ton of underground hydrogen storage. We also have a long-term ambition of connecting independent hydrogen hubs with pipelines, including our Fredericia Hub and GHH, to further increase flexibility and robustness of the hydrogen fuel supply chain”, says Jacob Krogsgaard, founder and CEO of Everfuel.
“GHH represents one of the most ambitious and strategically important hydrogen projects in Denmark. We look forward to developing a long-term relationship with the potential of GHH both supporting us as a supplier of hydrogen fuel and buffer storage”, Krogsgaard continues.