Everfuel to set up Swedish JV for 100-MW green hydrogen project

Danish hydrogen mobility-focused company Everfuel A/S (FRA:0HR) will be partnering with Sweden’s Karlstads Energi to probe the potential for installing electrolysers to create a green hydrogen hub in Sweden with a potential capacity of 100 MW.

The companies have signed a Memorandum of Understanding (MoU) that outlines their steps in the future project, which they plan to execute through a joint venture controlled by Everfuel, the latter said on Friday.

Under the MoU, the duo will conduct a commercial and technical feasibility study for the project’s initial phase of 20 MW.

To be located in Karlstad, in Sweden’s west-central province of Varmland, the proposed facility is intended to produce green hydrogen for the industrial and mobility sectors and supply excess heat to the local district heating system of Karlstads Energi. The first phase is expected to be switched on in 2025, depending on funding and permitting.

As a next step, Everfuel and Karlstads Energi plan to expand the electrolyser's capacity to 100 MW.

“There are strong synergies between Everfuel’s activities and our existing operations, and this could be the new standard for leveraging green hydrogen through the integration of existing infrastructure such as district heating grids to achieve higher energy and resource efficiencies,” said Erik Kornfeld, the CEO of Karlstads Energi.

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