{"id":3059,"date":"2020-03-20T13:26:00","date_gmt":"2020-03-20T13:26:00","guid":{"rendered":"https:\/\/nysnoinvest.no\/investerer-i-norsk-hydrogenteknologi-med-integrert-karbonfangst\/"},"modified":"2026-04-10T10:15:54","modified_gmt":"2026-04-10T10:15:54","slug":"investerer-i-norsk-hydrogenteknologi-med-integrert-karbonfangst","status":"publish","type":"post","link":"https:\/\/nysnoinvest.no\/en\/investerer-i-norsk-hydrogenteknologi-med-integrert-karbonfangst\/","title":{"rendered":"Invests in Norwegian hydrogen technology with integrated carbon capture"},"content":{"rendered":"\n\n
\n

March 20, 2020<\/h4>\n<\/section>\n\n\n

Invests in Norwegian hydrogen technology with integrated carbon capture<\/h1>\n\n\n

Stavanger 20.3.2020 – Nysn\u00f8 Climate Investments invests NOK 30 million in ZEG Power to establish efficient hydrogen production with integrated carbon capture at Kollsnes outside Bergen.<\/p>\n\n\n\n

Hydrogen is key to enable reduced emissions from a range of hard-to-abate sectors. Globally, hydrogen is mainly produced from natural gas without carbon capture and storage technologies (CCS), so future use of hydrogen in decarbonisation efforts depends on cleaner production. The Norwegian hydrogen company ZEG Power delivers new technology for efficient hydrogen production with integrated carbon capture. The technology has been developed by the Institute for Energy Technology IFE. The first unit will be located at CCB Energy Park at Kollsnes as an initial step for commercialization and international growth.<\/p>\n\n\n\n

\n

\u2013 The ZEG technology is an important next step to ramp-up clean hydrogen production. Together with leading investors within hydrogen technologies we look forward to supporting ZEG Power in the coming phase of international commercialization<\/em>, says Eivind Egeland Olsen, Chief Investment Officer at Nysn\u00f8 Climate Investments.<\/p>\n<\/blockquote>\n\n\n\n

At Kollsnes ZEG Power will launch a hydrogen production plant to produce 700 kg of hydrogen a day from 2022, equivalent to 250 tonnes per year. The plant will use biogas to produce hydrogen until CO2<\/sub>\u00a0storage facilities are available. By scaling up the technology in a larger plant in 2024, ZEG Power aims to meet growing demand for hydrogen in transport on land and at sea.<\/p>\n\n\n\n

\n

\u2013 The launch of the ZEG Power technology at Kollsnes will show that new technology for hydrogen production is a reality. The next step is to build a larger plant that can deliver 5000 tonnes of hydrogen per year. There has been a high interest from investors, and we now have smart capital to reach our goals in Norway and beyond,<\/em> says Kathrine K. Ryengen, CEO of ZEG Power.<\/p>\n<\/blockquote>\n\n\n\n

\n

\u2013 Norway has many advantages for producing clean hydrogen, which also brings new opportunities for Norway as an energy nation. It is especially attractive that this technology brings together value chains for hydrogen and CCS<\/em>, says Siri Kalvig, CEO of Nysn\u00f8 Climate Investments.<\/p>\n<\/blockquote>\n\n\n\n

Nysn\u00f8 Climate Investments will invest NOK 30 million in a round totalling around NOK 130 million. Existing investors IFE Invest and Stratel are joined by new investors, of which the largest include AP Ventures, Nysn\u00f8 and SPARX Group (Mirai Creation Fund II). Coast Center Base (CCB) is a strategic partner of ZEG Power and will also invest in this round.<\/p>\n\n\n\n

For more information, please contact:<\/strong>
Eivind Egeland Olsen, Chief Investment Officer at Nysn\u00f8, + 47 906 55\u00a0215
Kathrine K. Ryengen, CEO at ZEG Power,\u00a0+ 47\u00a0994 18 696<\/p>\n\n\n\n

About Nysn\u00f8 Climate Investments
<\/strong>Established in 2017, Nysn\u00f8 Climate Investments is a state-owned company that invests in companies and funds with profitable and smart solutions to climate change. Nysn\u00f8 Climate Investments is based in Stavanger and is owned by the Norwegian Ministry of Trade, Industry & Fisheries.\u00a0<\/p>\n\n\n\n

About ZEG Power AS
<\/strong>Created in 2008, ZEG Power delivers technology for the efficient production of hydrogen from hydrocarbon gases with integrated carbon capture. ZEG Power\u2019s technology is based on research and development originated from the Institute for Energy Technology (IFE).<\/p>\n","protected":false},"excerpt":{"rendered":"

Stavanger 20.3.2020 – Nysn\u00f8 Climate Investments invests NOK 30 million in ZEG Power to establish efficient hydrogen production with integrated carbon capture at Kollsnes outside…<\/p>\n","protected":false},"author":3,"featured_media":3060,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":2,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/posts\/3059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/comments?post=3059"}],"version-history":[{"count":0,"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/posts\/3059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/media\/3060"}],"wp:attachment":[{"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/media?parent=3059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/categories?post=3059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nysnoinvest.no\/en\/wp-json\/wp\/v2\/tags?post=3059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}