The Anonymous Widower

Denmark Launches World’s First Power-to-X Tender

The title of this post, is the same as that of this article on offshoreWIND.biz.

This is the sub-heading.

The Danish Energy Agency (DEA) has invited bids to build and operate Power-to-X projects with a deadline for applications set to 1 September. Through the tender – the first of this kind in both Denmark and the world – the country has made available DKK 1.25 billion (approximately EUR 167.7 million) in state support for the production of Power-to-X in the form of green hydrogen.

This paragraph outlines the deal.

The tender is being held to procure hydrogen produced by using renewable energy sources and is part of Denmark’s goal to reach between 4 and 6 GW of electrolysis capacity by 2030 and its Power-to-X strategy, released in 2021, according to which the country’s offshore wind resources provide good conditions for the production of green hydrogen, which requires large amounts of green electricity.

These are the conditions.

• Only hydrogen that is produced from renewable energy sources and meets the EU’s documentation requirements for green PtX fuels is eligible for support.
• The winning bidder(s) must have the project(s) built to full capacity and start green hydrogen production within four years of signing the contract with the Danish Energy Agency.

The tender has been approved for state aid by the European Commission.

I can see all the large electrolyser builders getting their bids ready for what will be tough competition.

April 19, 2023 - Posted by AnonW | Energy, Finance, Hydrogen | Denmark, Green Hydrogen, Power To X