ARKANSAS, February 01 (Future Headlines)- Norwegian offshore wind developer Deep Wind Offshore has joined forces with Hydepoint to explore offshore hydrogen production from offshore wind. The collaboration aims to optimize the integration of offshore wind and hydrogen production, enhancing the value of combined assets and minimizing the dependency on grid infrastructure upgrades. The move comes as part of the European Union’s ambitious target of producing 200 million tonnes of hydrogen from renewable sources by 2030. The European Commission’s action plan underscores the need for 500 GW of offshore and onshore wind power installation by the same year to achieve climate goals.

The partners highlight that electricity production from offshore wind is poised to become a significant source of renewable energy. However, existing grids are not equipped to handle the substantial power quantities and peaks expected from renewable energy sources. Offshore hydrogen production from offshore wind presents an innovative solution, potentially reducing the need for extensive grid investments while delivering a renewable product to demand centers.

Elin Steinsland, CEO of Hydepoint, emphasized the importance of exploring the best integration of offshore wind and hydrogen early in project development. This approach can optimize the combined asset’s value and decrease reliance on infrastructure upgrades. Steinsland added that planning wind farms and hydrogen processing plants concurrently could significantly accelerate the start of offshore green hydrogen production.

Hydepoint, a product and technology company jointly owned by Kongsberg, Moreld, and Arendals Fossekompani, specializes in offshore hydrogen production. The company possesses proprietary designs for offshore units housing both substations and hydrogen production units, ranging from smaller bottom-fixed units to larger 500 MW bottom-fixed and floating units.

Deep Wind Offshore, backed by Knutsen Gruppen, Haugaland Kraft, Sunnhordland Kraftlag, and Octopus Energy, operates as an international developer and owner of offshore wind projects. Headquartered in Haugesund, the company boasts a pipeline of over 10 GW, including 2 GW under exclusive development in South Korea. Additionally, Deep Wind Offshore has submitted a permit application for a wind farm offshore Sweden, potentially featuring up to 70 wind turbines.

Knut Vassbotn, CEO of Deep Wind Offshore, highlighted the benefits of producing hydrogen offshore in close proximity to wind farms. This approach allows wind farms to be constructed farther from shore, avoiding conflicted areas and simultaneously enhancing utilization and profitability. The strategy aligns with the company’s goals in various markets, including Sweden.”

Reporting by Kevin Wood; Editing by Sarah White