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Horisont Energi, E.ON to focus on hydrogen and ammonia under new deal

Horisont Energi, E.ON to focus on hydrogen and ammonia under new deal

Horisont Energi and E.ON are set to focus on the production of clean hydrogen and ammonia as part of a new strategic cooperation agreement inked on Wednesday (Jan 12).

The creation of value chains for both hydrogen and ammonia will also be a focus for the companies here, as the look to support a decarbonised future and recognise the moment for clean energies.

As well as collaborating on these hydrogen and ammonia goals, in addition to carbon capture, transport and storage offerings, it has also been confirmed that E.ON will acquire a 25% stake in Horisont Energi.

On the news, Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi, said, “We’re extremely excited to be joining forces with the leading European energy company E.ON to contribute to the energy transition in Europe.

“With this agreement, we are entering a long-term strategic cooperation with E.ON, solidified by the company taking a 25% ownership stake in Horisont Energi. This will enable Horisont and E.ON to play a decisive role in the decarbonisation of key industrial sectors in Europe, whilst scaling up and commercialising CCS and clean ammonia.”

Patrick Lammers, member of the board of E.ON, added, “E.ON’s proposition in this market is to establish a comprehensive offering to our customers and partners by becoming a ‘one-stop-shop’ for their decarbonisation activities as part of our growth strategy. It will enable E.ON to deliver a full outsourcing proposition to decarbonise, from site specific optimised carbon capture to secure long-term storage and clean hydrogen supply.

“Collaborating with Horisont Energi will enable us to be a first mover in the future industrial carbon cycle business, that will be a key driver in European industrial and municipal decarbonisation in the second half of the decade”.

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