Renewable energy firm Orsted on Tuesday said it intends to invest in a large-scale facility in Denmark to produce green hydrogen, considered a cornerstone of the shift to cleaner energy.
on Tuesday said it intends to invest in a large-scale facility in Denmark to produce green hydrogen, considered a cornerstone of the shift to cleaner energy.
The first stage of the investment in the so-called Power-to-X facility is estimated at somewhere between 1 and 5 billion Danish crowns , a spokesperson told Reuters. Power-to-X is a technology which converts surplus electricity, usually from renewable sources like wind and solar by using it to produce storable substances or fuels such as hydrogen or methane.
Orsted, which is developing the project with Skovgaard Energy, plans for the first phase to have an electrolysis capacity of 150 megawatts . The capacity might increase to more than 3 gigawatts "if the necessary offshore wind capacity and hydrogen infrastructure in and out of Denmark are established," it said in a statement.
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