Ditlev Engel

What exactly is a hydrogen valley? 🤔 When green hydrogen production, consumption and storage are integrated into transmission infrastructure, the result is a hydrogen valley – a regional hydrogen network that serves both hydrogen producers and consumers. Our partner Gasgrid explains hydrogen valleys and their benefits thoroughly below ⬇

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Energy market remains wary Every week, we inform you about the latest news on the energy markets 👉 Hereunder the summary of this April 25. Gas Prices are still very much in a wait-and-see mode ✔ Tuesday saw a gas leak at one of the Norwegian LNG facilities. The leak was repaired but the production unit will remain offline until Friday. ✔ The supply-demand balance was tighter, not the least due to the fall in Norwegian supply, low renewable production and below-normal temperatures. ✔ Such news, along with geopolitical tensions, means the market is unable to calm down completely. The TTF CAL25 is currently trading at around EUR 33/MWh. Electricity Price driven by gas price evolution ✔ Both electricity and CO2 emission prices are set by the evolution of the gas price. The BE CAL25 is currently at around EUR 86/MWh. ✔ Spot prices dropped on Tuesday thanks to prospects of milder temperatures and increased wind production, as well as additional pressure from corrective fuel prices. ✔ The average European spot price was EUR 79.15/MWh, more than EUR 13 lower than the day before. How will the markets behave in the coming weeks? 👉 Subscribe to the Energy Market News https://bit.ly/33hGt68 to receive your complete analysis by e-mail every week. 👈 #electricity #gas #energymarket #CO2

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Faster than expected recovery in Norwegian exports leads to lower prices Every week, we inform you about the latest news on the energy markets 👉 Hereunder the summary of this June 13. Gas The market remains in a wait-and-see approach ✔ Norwegian exports have recovered from last week's incident at the Nyhamna gas plant, which has eased the pressure on prices. The CAL25 TTF contract is currently fluctuating around EUR 37/MWh. ✔ The demand for LNG in Asia also impacts the market and Chinese imports fell in May, while heat waves in India means that their imports are rising. ✔ One point of note, the US Energy Information Agency expects natural gas production in the US in 2024 to come down as a result of reduced drilling activity due to low prices. This could have an impact on trends in the global gas market. Electricity The market continues to be influenced by the price of gas ✔ Spot prices have fallen thanks to the increase in wind generation and strong hydroelectric production in France. The increase in French nuclear availability also plays a role. ✔ The gas market continues to have a strong influence on electricity prices. The CAL25 BE contract is currently fluctuating around EUR 90/MWh. ✔ The price of CO2 emissions reached its lowest level in two weeks, at around €70/t, in a market that has remained directionless in the absence of any significant events. How will the markets behave in the coming weeks? 👉 Subscribe to the Energy Market News https://bit.ly/33hGt68 to receive your complete analysis by e-mail every week. 👈 #electricity #gas #energymarket #CO2

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🌍 Join us for an insightful webinar on April 24, from 12:00-13:00, where Kristina Haaskjold and Pernille Merethe Sire Seljom from NTRANS at IFE will discuss "Navigating the Potential: Norwegian Offshore Wind in the Green Energy Transition." 🌀 With the Norwegian government targeting 30 GW of #OffshoreWind by 2040, understanding the economic viability, market dynamics, and societal acceptance of this renewable energy source is more crucial than ever. Using the IFE-TIMES-Norway energy system model, our speakers will delve into the cost-competitiveness and strategic distribution of offshore wind in Norway towards #2050. 🔗https://lnkd.in/gx5GJpZ7 Don’t miss this chance to gain key insights into the future of energy systems and the strategic role of offshore wind in achieving sustainability goals. #GreenEnergy #SustainableDevelopment #EnergyTransition #NTNU #NTRANS #IFE

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Can Sweden’s Alby hydrogen plant set new benchmarks for sustainable aviation fuel? RES, a leader in renewable energy, has finalized the sale of its Alby hydrogen plant in Sweden to Prime Capital AG’s PGEIF II fund. This strategic acquisition positions Prime Capital to advance large-scale Power-to-X (P2X) production of sustainable aviation fuel (eSAF). The Alby plant will harness 500 MW of renewable energy from the Tovåsen substation to produce green hydrogen via electrolysis. This hydrogen, when combined with captured carbon dioxide, will be transformed into eSAF, supporting the aviation industry's transition to fossil-free fuels. Dr. Dr. Mathias Bimberg, head of infrastructure at Prime Capital, highlighted the Nordic region’s suitability for synthetic fuel production: “The low cost of electricity, renewable energy dominance, and water availability make this an exceptional location for developing large-scale P2X plants.” RES Nordics CEO Matilda Afzelius celebrated the milestone: “500 MW capacity enables significant renewable aviation fuel production, marking an important step toward fossil-free fuels. This project reflects RES Nordics' ability to develop sustainable and socio-economically beneficial energy initiatives.” This acquisition extends the successful partnership between RES and Prime Capital, which includes the Björnberget Vindkraft AB wind energy project. How do you see green hydrogen and P2X technologies shaping the future of aviation? For a deeper dive into this project and its implications, visit our blog: https://lnkd.in/gX_Fwdvp #GreenHydrogen #SustainableAviationFuel #eSAF #RenewableEnergy #Nordics #PowerToX #RES #PrimeCapital #EnergyTransition #AvfoilNews #CleanAviation

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We are thrilled to welcome Norwegian Hydrogen being the 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲 𝗦𝗽𝗼𝗻𝘀𝗼𝗿 at Investing in Green Hydrogen 2024 - 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝘂𝗺𝗺𝗶𝘁 𝗨𝗻𝗶𝘁𝗶𝗻𝗴 𝗪𝗼𝗿𝗹𝗱'𝘀 𝗛𝘆𝗱𝗿𝗼𝗴𝗲𝗻 𝗩𝗶𝘀𝗶𝗼𝗻𝗮𝗿𝗶𝗲𝘀, taking place on 2-3 September 2024, in London, UK. Norwegian Hydrogen builds and operates a comprehensive network of production sites and distribution systems for #green #hydrogen throughout the Nordics, tailored to meet the future requirements for zero-emission energy in a wide range of #mobility and #industrial segments. The company is supported by a group of strong industrial owners, including Mitsui, & Co., Ltd, Fortescue, Flakk Group and Hexagon Purus. Their fully owned subsidiary Vireon is the leading hydrogen refueler for heavy-duty transportation in the Nordics, currently developing and building infrastructure across Norway, Sweden, Denmark, and Finland. Norwegian Hydrogen’s head office is in Ålesund, Norway, and they also have offices in Oslo, Helsinki, Copenhagen and Stockholm. ✨#IGH2024: 𝑰𝒏𝒗𝒆𝒔𝒕 𝑵𝒐𝒘 𝒊𝒏 𝑻𝒐𝒎𝒐𝒓𝒓𝒐𝒘’𝒔 𝑬𝒏𝒆𝒓𝒈𝒚 - Reaching Financial Close for 1,000+ Projects, $320B Potential by 2030. ✨ Investing in Green Hydrogen 2024 is 𝙩𝙝𝙚 𝙜𝙡𝙤𝙗𝙖𝙡 𝙨𝙪𝙢𝙢𝙞𝙩 𝙪𝙣𝙞𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙’𝙨 𝙝𝙮𝙙𝙧𝙤𝙜𝙚𝙣 𝙫𝙞𝙨𝙞𝙤𝙣𝙖𝙧𝙞𝙚𝙨. Over 800 C-level decision-makers, including policy makers, hydrogen developers, investors, off-takers, and suppliers from 55+ countries, will converge in London. 🙌 Get involved today: https://lnkd.in/gBFzk7_h 📋 IGH Strategic Summit Agenda: https://lnkd.in/gd7cHvyE #IGH2024 #greenhydrogen #investment #offtakers #buyers #energytransition #hydrogeneconomy

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According to Vattenfall, an environmental impact assessment (EIA) report to evaluate potential environmental consequences is now being prepared in collaboration with Metsähallitus, which joined the project in 2022. Read more here: https://lnkd.in/dbR6WfUJ #offshorewind #renewableenergy

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Join us for an insightful webinar on April 24, from 12:00-13:00, where Kristina Haaskjold and Pernille Seljom from NTRANS at IFE will discuss "Navigating the Potential: Norwegian Offshore Wind in the Green Energy Transition." 🌊 🌍 With the Norwegian government targeting 30 GW of offshore wind by 2040, understanding the economic viability, market dynamics, and societal acceptance of this renewable energy source is more crucial than ever. Using the IFE-TIMES-Norway energy system model, our speakers will delve into the cost-competitiveness and strategic distribution of offshore wind in Norway towards 2050. 🌀 🔗Event info: https://lnkd.in/gx5GJpZ7 Don’t miss this chance to gain key insights into the future of energy systems and the strategic role of offshore wind in achieving sustainability goals. #GreenEnergy #SustainableDevelopment #EnergyTransition #NTNU #NTRANS

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Gasgrid is collaborating with regional developers to accelerate the emergence of the hydrogen economy in Finland. The hydrogen economy and development of the hydrogen infrastructure are seen as a major opportunity for the Nivala-Haapajärvi region and are being driven by the regional business development organisation NIHAK -Nivala-Haapajärven seutu NIHAK ry. NIHAK held a presentation about their work at an event Gasgrid hosted in Oulu. NIHAK’s work is paving the way for a hydrogen pipeline network infrastructure, connecting production and end-users. Hydrogen with downstream products can help to decarbonize industries and accelerate the green transition. Learn more about NIHAK’s work in North Ostrobothnia. #hydrogen #greentransition #energy #innovation #decarbonization

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Regional stakeholders in North Karelia gathered to discuss recent advancements in the energy sector, highlighting:  🌬️ Preliminary findings of a study evaluating wind potential in 30 areas, suggesting the possibility of installing up to 1,184 wind turbines. 🔥 Savon Voima Oy's commitment to transition towards carbon-neutral energy production by 2026, including reducing biomass and peat usage and embracing the hydrogen economy. 🏭 Noteworthy projects within Joensuu Circular Park, such as the construction of Europe's largest torrefied biomass production plant and plans for an industrial hydrogen production plant.  🌳 The Fresh Wood Chip project's efforts to optimize forest chip usage for energy, emphasizing resource efficiency and climate sustainability.   Learn more from our website➡️ https://lnkd.in/dkxZbzum #EXPRESSproject #interregeurope Interreg Europe Public Institution for the Development of the Međimurje County REDEA Agence Parisienne du Climat Rzeszowska Agencja Rozwoju Regionalnego S.A. South East Energy Agency Pohjois-Karjalan maakuntaliitto

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The demand for energy continues to grow, and we are on the brink of a green industrial revolution ⚡ 🌱 At ICP Infrastructure and Aker ASA, we believe it’s vital for Norway, as Europe’s leading energy nation, to play a central role in this transition. We are confident that Norwegian industry can contribute significantly to a greener future—essential for tackling climate challenges and ensuring jobs and prosperity for generations to come. https://lnkd.in/dgppwP7i

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The studies will evaluate the best logistics solution for moving turbines, blades, and other manufactured components in the #offshorewind value chain. Read here: https://lnkd.in/dS9gEc25 Sarens Prumo #renewableenergy

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Vår Energi extends long-term gas delivery agreement with the European energy major VNG Handel & Vertrieb GmbH. 😀 👍     The agreement includes delivery of up to five billion cubic meters natural gas over a 12-year period (2024-36) – demonstrating Europe's trust in Norway as an important energy provider and the need to ensure long-term energy supply.     Vår Energi is committed to continue to be a reliable and secure producer of natural gas, providing energy to households, communities, and businesses across the continent for decades to come.      As Norway’s second largest exporter of natural gas, Vår Energi will continue to explore for further petroleum resources across the Norwegian Continental Shelf. 💪   The agreement builds on the long-standing relationship between Vår Energi and VNG, dating back to the early 1990s.  More on our website.   #energy #energysupply #oilandgas #vårenergi

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Addressing Realities in the Offshore Wind Market   Last week at the Green Power Denmark Industrial Forum, key insights from Vestas' and RWE's CEOs shed light on critical challenges facing the offshore wind industry. Here are the key takeaways:   · Realization of Market Goals: The ambitious 2030 targets for wind energy expansion are no longer realistic. With a bottleneck expected in project realization in 2029-2030, it's time to reconsider the timeline and distribution of projects to ensure a more achievable path forward.   · Business Cases Don't Add Up: Some business cases in the offshore wind sector face significant challenges, with costs and risks outweighing returns. There's a growing need for a shift towards non-price criteria, emphasizing sustainability, and less focus on harvesting seabed leases.   · Supply Chain Scale-Up: Building up capacity in Europe to meet the demands of numerous projects slated for the same period poses a significant challenge. For now, the capacity seems to be sufficient but the scale-up of the supply chain over the next 3-5 years, especially with the increasing size of components, will require additional production and installation capacity in ports.   The timing of the inflection point between demand and supply is uncertain. However, as the offshore wind energy demand continues to surge, there's a foreseeable shortage of capacity for the production and installation of wind turbines. Ports will play a crucial role in addressing these challenges and facilitating the industry's growth.   Let's collaborate to navigate these challenges and ensure a sustainable future for offshore wind. #OffshoreWind #SupplyChainScaling #Sustainability

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#NordicPower: Flow Based Market Coupling (FBMC) was introduced in the Nordic day ahead power market on Tuesday 29 Oct. Since the introduction, we have seen higher power imports to regions like eastern Norway (NO1) and south central Sweden (SE3) and we have seen higher power exports from northern Norway (NO4) and northern Sweden (SE1). This is according to the FBMC methodology which improves the integration of the price areas, as the total exchange capacity increases and more power can flow from low priced regions to high priced regions. We have also seen so called ”non-intuitive flows”, meaning power transit from a high priced region (Area 1) to a low priced region (Area 2). This can happen if the prices in the neighbouring regions of Area 2 are higher than the prices in Area 1. An example of this was 4 November when NO4 exported to central Norway (NO3), even if prices in NO4 were higher than in NO3 most of the day. Prices in eastern Norway (NO1) were significantly higher than NO4 and NO3 exported to NO1, which resulted in a higher total welfare gain than the cost of the non-intuitive flow. The FBMC principles are incorporated in LSEGs short term price forecasting model. We forecast net imports into all price regions with our model. The modelled net imports are in good agreement with the scheduled flows.

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Have you heard of hydrogen valleys? 🤔 When green hydrogen production, consumption and storage are integrated into transmission infrastructure, the result is a hydrogen valley – a regional hydrogen network that serves both hydrogen producers and consumers. Read more in our article. #hydrogen #hydrogenvalley #energy #infrastructure

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