Statkraft has reached an agreement with Norwegian hydrogen producer Hydrogen Solutions AS (HYDS) to acquire all shares in Statkraft Hydrogen Göteborg AB – a hydrogen project in Gothenburg port.

The hydrogen project in Gothenburg port is intended to result in a 5 MW–10 MW electrolysis plant with the potential to produce 2 tpd–4 tpd of hydrogen for the heavy transport and shipping sectors. The project is carried out in close cooperation with Swedish vehicle manufacturers. The project has the potential to reduce carbon dioxide (CO₂) emissions by up to 60 MMtpd or up to 20,000 tpy from the transport sector in the Västra Götaland region.

Last spring, Statkraft made a strategic decision to exit the hydrogen business in all markets. The decision is based on a new strategic direction from the company to focus on core businesses such as hydro, wind, and solar power.

“The sale of the hydrogen project in Gothenburg port is consistent with our updated strategy. We are pleased to have found a new competent owner who can take the development of this project further,” says Jakob Norström, CEO Statkraft Sweden.

The project has received SEK 37.4 MM out of a total of SEK 74.7 MM in support from Klimatklivet, an initiative managed by the Swedish Environmental Protection Agency. The funds remain in the project in connection with the transition to the new owner.

“HYDS is pleased to take over the project and looks forward to developing this further towards a final investment decision (FID) during the first half of 2027. This will facilitate project realization with production start-up by the end of 2029. For our customers in all segments, such as shipping, mobility, construction and industry, this provides a good opportunity to work closely with the customer and not least meet the shipping segment’s needs for deliveries in such an important port as Gothenburg. We look forward to working together with the customers, the Port of Gothenburg, Göteborg Energi, Klimatklivet and other authorities to develop this opportunity and preferably grow with the market in the future,” says Frode Kirkedam, CEO in HYDS.