Green Hydrogen Systems, a clean technology company and a leading provider of standardized and modular electrolyzers for the production of green hydrogen; announced this Friday it secured a $9 million grant for top-notch technology electrolyzer project.
The funds come after the company achieved an agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA) in connection with the EU Green Deal 2.2. The funding is a consortium grant for $30 million euros.
Green Hydrogen systems Project intends to demonstrate the feasibility of 100-megawatt green electrolysis. The technology bases on top-notch technology, multi-range pressurized alkaline electrolyzer designed by the company.
Such a device is called HyProvide X-Series and would be installed at GreenLab Skive. Which is a symbiotic, industrial Power-to-X platform. As outlined above, under the agreement, the company will receive $9 million euros to support the development of the device.
The objective of the company is to provide a clearer path for the production of green hydrogen at scale; through the deployment of these devices onshore and offshore. Such a strategy aligns with the one implemented by the European Union to develop renewable energy offshore.
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Green Hydrogen Systems to have first results by 2024
According to the company’s statement; as a first step, the X-Series electrolyzer will demonstrate its efficiency by the end of 2022. Depending on a go/no go milestone, the 6 MW of this first installment will expand to a 100 MW electrolysis plant by the end of 2024.
Also, throughout the GreenHyScale project, a 7.5 MW high-pressure electrolyzer for offshore application will go online by the end of 2025.
Sebastian Koks Andreassen, CEO of Green Hydrogen Systems, also said about the project. “With our industry-leading consortium partners, the project will be a major opportunity to demonstrate our new multi-MW, large-scale application electrolysis system called HyProvide X-Series.”
Finally, He also remarked. “This demonstration project will be a cornerstone for us in achieving the necessary scale for technological advancement. It will also contribute to lowering the levelized cost of hydrogen towards cost parity with fossil fuels.”
