On May 29, the Norwegian Government put forward a ‘green transition package’ of NOK 3.6 billion (approximately AU$558 million).
The investment objective is to underpin the green transition and use this as the motor of accelerating out of the COVID-19 impacts on energy and industry.
Solutions such as hydrogen, building renovation, batteries, offshore wind, circular economy, green shipping and other forms of green energy are mentioned specifically.
Funding will be provided through public and public-private mechanisms whereof the bulk will focus on supporting medium to high TRL activities supporting industrial competitiveness in emerging solutions.
Following the announcement a hydrogen strategy was launched. Norway is following suit of many other European countries that are also looking into the hydrogen economy benefits, being a true cross-sectorial enabler and key for reaching net zero GHG emissions by mid century.
“Norway’s investment into hydrogen and other green technologies is a good start, but more needs to be done. Urgently,” says Nils Røkke, Chairman of the Board of the European Energy Research Alliance (EERA) and Executive Vice President Sustainability SINTEF Energy.
“Pilots and demo activities are highlighted, but we need to scale initiatives to create change. The hydrogen economy is crucial for Europe and Norway to reach ambitious energy and climate goals. We must dare to invest and take a bet on hydrogen now.
“Hydrogen has in exciting opportunities in store for Norway, both as an energy and a technology nation. We must seize the opportunity to support the transition towards an emission-free Europe.”