Denmark to subsidise hydrogen production
Cross-party agreement was reached on funding following Russia’s invasion of Ukraine
The Danish government will provide a DKK1.25bn ($200mn) state subsidy scheme for hydrogen production as part of a new plan to build 4-6GW of electrolysis capacity by 2030. A cross-party agreement was reached on the funding following Russia’s invasion of Ukraine. “Europe is intensely searching for alternatives to fossil fuels, and we are in a hurry not only to become green, but also to become more independent from Russian fossil energy,” says Dan Jorgensen, minister for climate, energy and utilities. The government will also present a plan for expanding onshore and offshore renewable energy generation in Denmark to power the electrolysers. 4-6GW – Targeted electrolyser capacity The hydrog
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory