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A hydrogen economy is being contemplated in many parts of the world. For example, on May 29, the Norwegian government proposed spending NOK 3.6 billion ($384 million) on a green transformation package. The investment objective is designed to underpin the country’s transition to cleaner energy and use it as the motor to overcome economic impacts of COVID-19. Hydrogen power solutions are part of the plan.
SINTEF, a European independent research organization, reported that Norway launched a hydrogen strategy subsequent to the proposal. Norway’s investment into hydrogen and other green technologies is a good start, but more needs to be done. Urgently, Nils Røkke, chairman of the board of the European Energy Research Alliance and executive vice president of Sustainability with SINTEF Energy, said.
Norway is following the path many other European countries are also taking, according to SINTEF. It said implementing a hydrogen economy would decarbonize the economy and significantly improve Europe’s ability to reach climate goals. But for hydrogen to be a low- or no-emission energy carrier, it must be produced with clean energy such as through electrolysis using renewable power. In that way, hydrogen can support the growth of intermittent renewable power and provide an option for storing large amounts of energy for longer periods of time.
Hydrogen has exciting opportunities in store for Norway, both as an energy and a technology nation. We must seize the opportunity to support the transition towards an emission-free Europe, said Røkke.
