NORHyWAY will establish a mature, scalable Hydrogen Valley in Mid-Norway, creating a fully integrated and self-sustaining ecosystem that spans the entire hydrogen value chain - production, distribution, storage, and diverse end-use. Building on operational pilots and early demonstration projects, NORHyWAY moves to full-scale deployment, aiming to produce 17,350 tonnes/year of green hydrogen. NORHyWAY`s strategic geographic location links central Europe to the Arctic.
Project details
FUNDING
Project timeline
CURRENT STATUS:2014
Start of project development
Project finalization
2035
KEY SUCCESS FACTORS
PROJECT DEVELOPMENT PHASE
- Business model/business case development
- Permitting and authorization procedures
- Political backing and buy-in
- Funding
- Experienced staff
- Local public acceptance
- Project's business case
- Stakeholder cooperation
COMMERCIAL AND FINANCING PHASE
- Securing private investors
- Securing public financial support (subsidy/grant)
There is a gap in the support system, too much focus on Capex support, while there is a big risk in opex cost the first 2-4 years because of the gap between cost of hydrogen and diesel, and high operation costs.
- Securing customer commitments to de-risk the financial model
Same problem as abowe, the risk in operation phases stops the customers in taking investments decissions. He project is applying for Large Scale, and that will bridge the gap.
N.A.: Not available. This is possible due to two reasons: a) the Hydrogen Valley chose to not publicly display the data or b) the Hydrogen Valley did not answer the specific question in the associated survey.