Norway invests NOK 100m in hydrogen

Norway invests NOK 100m in hydrogen

The Norwegian Government has today revealed a historic NOK 100m ($10.75m) investment in hydrogen infrastructure as part of the country’s 2021 budget.

“Hydrogen will make a major contribution to reducing emissions nationally and globally, and create value for Norwegian business and industry,” said Norway’s Energy Minister Tina Bru.

“This investment is historic and will help to produce many exciting hydrogen projects in the coming years.”

Norway allocated NOK 120m ($12.9m) to innovation projects where hydrogen has a central place in Spring 2020.

Hydrogen is also specifically mentioned in a NOK 3.6bn ($387m) green technologies investment package unveiled by the Norwegian Government in May.

The Norwegian Government said it is working to:

  • Increase the number of pilot and demonstration projects of hydrogen and hydrogen-based solutions in Norway
  • Contribute to the establishment of comprehensive value chains for hydrogen in Norway
  • Facilitate the use of hydrogen in new areas of application
  • Ensure further technology development to reduce production costs.

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