In the agreement, Gen2 Energy and Åfjord municipality have agreed on long-term lease of an industrial site in Åfjord for large-scale production and shipping of green hydrogen.

The parties agree that Gen2 Energy can secure, on a long-term basis, the industrial site Monstad Havneområde in Åfjord to build a production facility for green hydrogen, as well as gain access to quay facilities for the transport of green hydrogen to relevant markets in Europe and Norway. Gen2 Energy plans to build a plant that ensures large-volume production of green hydrogen.

Jonas Meyer, managing director of Gen2 Energy says, – We are very happy to have chosen Åfjord as the location for large-scale production of green hydrogen. Åfjord has a good mix of low-cost renewable energy, access to land for industrial purposes with good shipping possibilities, and will be an important addition to our portfolio of production sites for green hydrogen along the Norwegian coast.

Vibeke Stjern, mayor of Åfjord municipality says, – Åfjord has an ambition to be a driving force for the fulfillment of the “Green shift”-targets with a particular focus on industries that are based on the use of renewable energy. The fact that there are now great opportunities for green industrial establishment, which the hydrogen producer Gen2 Energy represents, means that Åfjord can transform its policy into concrete projects. This means new future-oriented jobs and a basis for further population growth in the municipality, emphasizes the mayor.

The agreement gives Gen2 Energy the opportunity to build a production plant on the industrial area Monstad Havnemråde (41 acres). The area must be prepared and regulated for hydrogen production and this work starts at the first opportunity. Gen2 Energy is currently conducting a concept study related to the hydrogen plant in Åfjord in order to clarify important matters such as the size of the plant and the form of production.

An important part of the agreement is that Gen2 Energy gets access to quay facilities that make it possible to export large quantities of green hydrogen to Europe.

– In my opinion, the negotiations have been characterized by mutual trust and the parties have been solution-oriented, says mayor Vibeke Stjern and continues, – It provides a good basis for further cooperation, which I believe is absolutely necessary in the work on the establishment of the planned hydrogen plant at Monstad .