ATOME Energy announces agreements to drive forward Icelandic ammonia project

ATOME Energy has today (April 4) announced its 75% owned subsidiary Green Fuel ehf has entered into a tranche of agreements to develop its Icelandic hydrogen and ammonia production project.

Under a non-binding term sheet, renewable energy company HS Orka will supply Green Fuel with up to 40MW of geothermal and hydroelectric power with the intention to enter into a binding power purchase agreement (PPA) before the end of the year (2023).

Set to supply Green Fuel’s green ammonia facility, planned to be one of the earliest large-scale green ammonia projects in Europe at time of start-up, electricity is expected to be available for start of operations, scheduled in 2026.

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