Solutions such as hydrogen, building renovation, batteries, offshore wind, circular economy, green shipping and other forms of green energy are mentioned specifically. Funding will mainly focus on supporting medium to high TRL activities supporting industrial competitiveness in emerging solutions.
Following the announcement a hydrogen strategy was launched. Norway is following suit of many other European countries which are also looking into the hydrogen economy benefits , being a true cross-sectorial enabler and key for reaching net zero GHG emissions by mid century.
Seize the opportunity
“Norway’s investment into hydrogen and other green technologies is a good start, but more needs to be done. Urgently,” says Nils Røkke, Chairman of the Board of the European Energy Research Alliance (EERA) and Executive Vice President Sustainability SINTEF Energy, one of Europe’s largest independent research organizations. “We must seize the opportunity to support the transition towards an emission-free Europe,” says Røkke.
Implementing a hydrogen economy would decarbonize the economy and significantly improve Europe’s ability to reach climate goals. It can also support the phase in of less controlable renewable power and become the preferred option for storing large amounts of energy over longer periods.
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