Japanese-based Mitsui & Co. has become the second largest owner of Norwegian Hydrogen, following a NOK70m ($7.2m) investment, taking a stake of approximately 15%.
H2 View understands some of the capital will be used for the development of Norwegian Hydrogen’s Hellesylt factory, which is set to boast a 3MW electrolyser, offering green hydrogen production capacity of up to 1,300kg per day.
Read more: Major milestone achieved at Norwegian hydrogen hub
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