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New exciting collaboration to develop green industry

30 Oct, 2020

Statkraft has entered into a letter of intent with Nel to develop an electrolysis plant of up to 50 MW to produce green steel at CELSA Reinforcement Steel in Mo Industrial Park.

The green hydrogen will be used in steel production as an alternative to fossil fuels, thus reducing the carbon footprint.

"We’re happy to be involved in such an important project, where we can start building hydrogen as an important future business-line for Norway and Statkraft and cut CO2-emissions from the Norwegian industry significantly, by utilizing our renewable power. As a development project, it will require support for technology development and commercialisation to be realised. The project is well positioned for the so-called ‘Important projects of common European interest’ program in the EU, and will support Norway’s hydrogen efforts going forward,” says Bjørn Holsen, Head of New Business at Statkraft.