This month, Landsvirkjun, the National Power Company of Iceland, and the Port of Rotterdam, Europe’s largest port and energy hub, have signed a Memorandum of Understanding (MOU) to explore the possibility of exporting green hydrogen from Iceland to Rotterdam. The MOU furthers Landsvirkjun’s demonstrated commitment to sustainability and combating climate change in Iceland and abroad.
The Port of Rotterdam has similar ambitious plans to develop hydrogen energy offerings, aiming to become the major hydrogen import hub to supply Europe’s energy consumers. Allard Castlein, CEO of the Port of Rotterdam Authority, expects hydrogen to become as popular in the future as oil is today, both as an energy carrier and as feedstock for the industry.
Recently, Landsvirkjun announced another study investigating the feasibility of developing a hydrogen production facility at the Ljófoss Hydropower Station, which is about 70km outside of Reykjavík. The production of hydrogen will be carbon-free, relying on the electrolysis of water using renewable power.
Hydrogen’s versatility and reduced production costs have led to a global surge of interest in hydrogen. Power. It can be used as a transport fuel, in electricity production and heating, and as a vital component in industrial processes. As long as the electricity used to produce the hydrogen is renewable, hydrogen is a carbon-free energy carrier. According to Hordur Arnarson, CEO of Landsvirkjun, hydrogen is a very exciting option as a means to combat climate change.
Want to learn more about this Memorandum of Understanding and the future of green energy in Iceland? Check out the Landsvirkjun website!