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    JV between Statkraft, Foresight and Progressive Energy

    Statkraft, Foresight, and Progressive Energy have come together to establish a joint venture called Grenian Hydrogen, with the aim of developing green hydrogen projects in the United Kingdom.

     

    This collaboration capitalizes on the unique expertise and experience of each organization and presents a viable solution for major manufacturers seeking to transition from natural gas to hydrogen in order to reduce carbon emissions.

     

    Grenian will ensure a smooth transition for customers by undertaking the design, construction, ownership, and operation of hydrogen production facilities. Additionally, they will leverage Progressive Energy’s experience in managing large-scale hydrogen demonstration projects, such as the one at Unilever’s Port Sunlight manufacturing plant, to assist in converting sites to be “hydrogen ready.”

     

    Foresight, a prominent investor in green hydrogen in the UK, will continue to contribute its extensive sector knowledge in line with its broader sustainable infrastructure strategies.

     

    The flagship project, Cheshire Green Hydrogen (CGH), with a capacity of 30MW, located at Peel’s Protos site near Ince, has been shortlisted by the government for a 15-year Low Carbon Hydrogen Agreement (LCHA).

     

    Front End Engineering Design (FEED) studies and consent processes are currently underway for CGH and four other projects in St Helens in Liverpool, Winnington and Middlewich in Cheshire, and Stretford in Manchester. Three of these projects are also supported by Strand 1 (Round 1) of the government’s Net Zero Hydrogen Fund.

     

    Grenian has also submitted bids for Strand 1 to secure funding for engineering work related to two larger “mini-cluster” projects in Wrexham and Speke (Liverpool). These sites will supply multiple users through local pipeline networks originating from central electrolytic hydrogen production plants. These networks may eventually connect to the larger hydrogen distribution hub being developed by Cadent as part of the HyNet project.

     

    To produce electrolytic hydrogen, Grenian will source power from renewable generation facilities within Statkraft’s renewable energy portfolio. In certain cases, they will also obtain local behind-the-meter power through private wire arrangements from both new and existing wind, solar, and biomass generation sources.

     

    To comply with the requirements of the LCHA, all the power used by Grenian’s electrolysers will be matched in time with specific renewable generators.

     

    Grenian has entered into an initial commercial agreement with Accelera by Cummins, the zero-emissions brand of Cummins Inc., to supply the core electrolyser equipment for the new production plants. Accelera manufactures a patented PEM (Proton Exchange Membrane) technology that has proven commercial success and offers improved performance when directly connected to renewable sources compared to traditional alkaline technology.

     

    This joint venture announcement follows the signing of an initial collaboration agreement by the three partners in October 2022.

     

    Adam Baddeley, Progressive Energy’s and chief executive of Grenian Hydrogen, said “We’ve been working with Statkraft and Foresight for 18 months now and it’s great to formalise the company and launch our new brand. The diverse skills of each partner means that Grenian brings something unique to industrial hydrogen users, which is not offered by the wider market.”

     

    “Progressive is delighted to be leading the development of the initial suite of projects on behalf of Grenian and is already driving the expansion of the portfolio with larger-scale projects, which will be competitive in later auction-based hydrogen allocation rounds run by government.”

     

    Matt Kelly, Vice president hydrogen UK at Statkraft UK , said “We are pleased to bring our experience in renewables development and energy markets to Grenian.”

     

    “With many companies already sourcing green energy to meet their electricity needs, this is the next step towards complete decarbonization of industry with clean, renewable hydrogen produced locally and flexibly.”

     

    Chris Holmes, Partner at Foresight, added “Foresight is delighted to be part of this initiative. We firmly believe in green hydrogen’s potential as a key lever in aiding the energy transition, as evidenced by our other commitments in this sector.”

     

    “The UK’s Hydrogen Strategy and the recent Powering Up Britain announcements, through their combination of policy initiatives, have now accelerated the critical role that green hydrogen will play in the next phase of the UK’s energy transition. This presents an opportunity for Grenian to deliver a much-needed low-carbon solution for UK businesses and households.”

     

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