Topsoe has signed a grant agreement with EU’s Innovation Fund for a total of €94 million. The grant is a recognition of Topsoe’s state-of-the art SOEC electrolysis technology and the innovation inherent in building this first of its kind SOEC factory.
The factory will manufacture advanced, energy efficient Solid Oxide Electrolyser Cells (SOEC) that are essential in the production of green hydrogen and its derivatives.
Electrolysers are key for decarbonising energy-intensive industries and long-distance transportation that account for approximately 30% of global greenhouse gas emissions and cannot easily be electrified.
In Europe, the EU Commission has announced a proposal to deploy 40 GW of hydrogen electrolyser installation and 10 million tonnes of green hydrogen production.
Roeland Baan, CEO at Topsoe, said: “EU funding is key in supporting the industry’s endeavors to back the green hydrogen economy and contribute to EU’s 2050 climate neutrality target. We’re facing an immense task to decarbonize energy-intensive industries and long-distance transportation, and at Topsoe we’re doing our part. This grant from the EU demonstrates how public incentives and private innovation can bring us closer to net zero.”
Kim Hedegaard, CEO Power-to-X at Topsoe, said: “The energy transition demands careful use of resources to maximize outputs, and our SOEC technology is up to 30% more efficient than competing technologies. Our Herning factory is hopefully the first of many, enabling Topsoe to take a leading role in decarbonising shipping, aviation, steel, and more industries. This is an exciting step for Topsoe, Denmark and the EU.”
Topsoe technology to scale up green hydrogen production
