Gen2 Energy finalises agreement to deliver green hydrogen to Germany

Gen2 Energy, a Norwegian clean energy company and Securing Energy for Europe (SEFE), through its subsidiary company WINGAS GmbH, have finalised a Transaction Term Sheet for the supply of green hydrogen. Reportedly, green hydrogen will be provided to Germany from its proposed 100 MW manufacturing plant in Norway. Furthermore, it outlines the guidelines and restrictions for a definitive Sales and Purchasing Contract and is thus a significant step towards bringing green hydrogen from Norway to Germany.

Both companies signed a MoU in December, 2022 to create a supply network for green hydrogen between their respective countries, and they then executed the transaction term sheet. Meanwhile, Gen2 Energy has got a general building licence for its hydrogen plant in Mosjøen, which it asserts is the largest to gain such a permit in Norway to date. Moreover, before beginning construction, the company must get project start-up licences from the municipality of Vefsn, where the plant would be located.

In September 2023, Deutsche ReGas planned to construct a 500 MW electrolysis plant for the production of green hydrogen in Lubmin, Germany. Reportedly, the preliminary design for the project has been finished, and the front-end engineering and design stage has begun.