GEN2 ENERGY SIGNS €62 MILLION EU HYDROGEN DEAL
Gen2 Energy has signed a grant agreement for approximately €62 million in EU support for its Nesbruket renewable hydrogen project in Mosjøen, Norway.
Camilla Nilsson, CEO of Gen2 Energy, said:
The support from the European Union provides an important foundation for bringing our Nesbruket project towards realisation and supplying renewable hydrogen to customers seeking to decarbonise their operations,
The agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA) follows the project’s selection for funding in May 2026 under the EU Innovation Fund’s 2025 Hydrogen Auction. It formalises the funding commitment and supports further project development, financing and commercialisation.
Nesbruket is being developed to combine renewable hydrogen production with liquefaction and distribution infrastructure, supplying maritime customers and other transport and industrial users.
The auction provides operational support linked to eligible renewable hydrogen production, helping to narrow the cost gap with conventional fuels. The project is being developed to meet the EU’s Renewable Fuels of Non-Biological Origin (RFNBO) requirements.
READ the latest news shaping the hydrogen market at Hydrogen Central
GEN2 ENERGY SIGNS €62 MILLION EU HYDROGEN DEAL, source
