Hydro signs MoU with Everfuel for renewable energy-based hydrogen

Hydro has teamed up with Everfuel for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. The use of carbon-free hydrogen in aluminium production will contribute towards Hydro’s global commitment to reduce its greenhouse gas emissions by 30% by 2030.

For this project, Hydro’s renewable hydrogen company has signed a Memorandum of Understanding (MoU) with Everfuel. Both the companies will establish  elecotrolysers next to Hydro-owned aluminium plants delivering hydrogen to the aluminium plants as well as to the transport sector.

Hydro’s new renewable hydrogen company, which aims to take a leading role as a developer, owner and operator in the hydrogen sector, will use renewable energy-based hydrogen at several of Hydro’s own sites as well as developing and serving the external market.

“We need to power the world on renewable energy, and renewable hydrogen is a way to bring green energy to industries and sectors that historically have been hard to decarbonize. Hydrogen use will enable more sustainable operations in Hydro, and through the partnership with Everfuel we will also be able to supply the growing green mobility market in Europe,” said Arvid Moss, Executive Vice President for Energy in Hydro.

Hydro is currently maturing 3-5 projects in Norway and Europe. Some of these projects are part of the cooperation with Everfuel.