In a recently signed agreement, Gen2 Energy and Höegh LNG have agreed to cooperate on the development of a seaborne logistics chain for green hydrogen as envisioned by Gen2 Energy.

The partnership targets to take a first mover position in seaborne transport of green hydrogen, a market that does not exist on a large scale today. Green hydrogen can be produced at cost competitive levels, but several of the optimal production sites are at remote locations, making transport by land expensive. By transporting hydrogen at sea, the two parties aim to reduce both transport cost and CO2 emissions significantly.

Höegh LNG’s contributions mainly relate to its experience in shipping and import of natural gas, establishing energy infrastructure and maintaining complex logistics chains.

Gen2 Energy will contribute with its knowledge and experience in production and safe handling of green hydrogen. Together, the parties will also explore the use of carbon free propulsion systems for vessels and the potential for injection of hydrogen into the natural gas transmission grids.

"The agreement brings us one step closer to the goal of providing European energy markets with fossil-free hydrogen on a large scale, and we are extremely pleased to engage in this important collaboration with such an experienced actor," said Jonas Meyer, Chief Executive Officer in Gen2 Energy. "It also fits very well with Gen2 Energy’s announcement with Port of Cromarty Firth last week, which to my knowledge was the first ever export agreement for green hydrogen from Norway."