An agreement made to explore the possibilities of green hydrogen export from Iceland to Rotterdam
Landsvirkjun, the National Power Company of Iceland, and the Port of Rotterdam have signed a Memorandum of Understanding ("MOU”) to perform a pre-feasibility study of exporting green hydrogen from Iceland to Rotterdam. According to the MOU, the parties also agree to the exchange of knowledge, with the aim of exploring new opportunities of cooperation related to hydrogen, Port of Rotterdam said in its release.
The Port of Rotterdam is Europe's largest port and energy hub and has developed an ambitious hydrogen masterplan, with which it aims to become the major import hub for hydrogen to supply to Europe's changing energy consumers. The Port of Rotterdam has been invited by the Dutch government to identify future sources of green hydrogen for Europe.
Ljósafoss Hydropower Station (Landsvirkjun’s oldest hydropower station, built in 1937) where Landsvirkjun plans to develop its first hydrogen production facility.
Recently, Landsvirkjun announced the feasibility-study of developing a hydrogen production facility at the Ljósifoss Hydropower Station, about 70 km outside of Reykjavík. The production will be carbon-free, through the electrolysis of water with renewable power. This carbon-free method of producing hydrogen is still too uncommon, with most of the world’s hydrogen supply currently produced from natural gas with its respective carbon footprint.
At the 2015 United Nations Climate Change Conference, COP 21 in Paris 2015, participating states agreed to pursue efforts to limit global warming to 1.5°C, compared to pre-industrial levels. In order to achieve this, a major world-wide energy transition is necessary, replacing fossil fuels with renewable carbon-free energy sources. Hydrogen is a major component to the European Union's plan for a major energy transition in the coming years.
Hydrogen is a carbon-free energy carrier, provided the electricity used to produce it is renewable. In addition to being a suitable transport fuel, hydrogen can be used for electricity production and heating, and is a vital component in a number of industrial processes. This versatility, coupled with a reduction in production costs, has led to hydrogen enjoying a strong surge of interest globally.