Corre Energy to receive €20m investment for hydrogen projects development
Corre Energy and the Italian Energy Efficiency Fund II (IEEF) have signed a new long-term agreement today (June 9) that will see further funding for hydrogen-based storage projects in the Netherlands and Denmark.
IEEF will invest up to €20m ($24.4m) in Corre Energy with the funds being used to bring its flagship hydrogen-based storage projects to financial close in both the Netherlands and in Denmark.
This will be used alongside strategic development of the company’s EU project pipeline, integrating renewables and catalysing the green hydrogen economy at scale across Northern Europe in line with the EU emission reduction targets.
Denmark designates historic energy test zones to support green energy transition
The Danish government has today (5
th May) designated energy test zones to two danish companies to support a transition to green energy and hydrogen.
The clean energy industrial cluster GreenLab and Siemens Gamesa’s Brande hydrogen project have both been selected as the designated companies that will act as official regulatory energy test zones.
The test zone permit gives GreenLab and Siemens dispensation from electricity regulations and brings Denmark one step closer to the integration of unprecedented amounts of renewable energy into the energy grid.
These designated test zones will be a one of a kind in Europe and the insights will be valuable for all of Europe’s green transition – including clean energy storage, green fuels, agriculture and industry.
AVL List GmbH - Official Sponsors of H2 View s Mobility Content
Europe is leading the new hydrogen industry and has been acknowledged as the emerging hydrogen ecosystem, from production and transmission, gas infrastructure, providing access to world-class thought leaders, the existing knowledge and experience provides a solid foundation to accelerate green hydrogen developments and future investments.
For renewable energy to be maximised, the excess power generated by renewables must be stored, at large capacities to manage the intermittency challenges with green energy supply. As of 1st December (2020), Green Hydrogen Hub Denmark was publicly launched as a project by its well-established and experienced consortium members. Through collaborations like these, the Danish green hydrogen economy can start to take shape, by uniting world-class partners and hydrogen solutions, based upon, technically innovative projects.