Landsvirkjun, the National Power Company of Iceland, and the Port of Rotterdam have signed a Memorandum of Understanding to perform a pre-feasibility study of exporting green hydrogen from Iceland to Rotterdam.
According to the MOU, the parties also agree to the exchange of knowledge, with the aim of exploring new opportunities of cooperation related to hydrogen.
The Port of Rotterdam is Europe's largest port and energy hub and has developed an ambitious hydrogen masterplan, with which it aims to become the major import hub for hydrogen to supply to Europe's changing energy consumers. The Port of Rotterdam has been invited by the Dutch government to identify future sources of green hydrogen for Europe.
Recently, Landsvirkjun announced the feasibility-study of developing a hydrogen production facility at the Ljósifoss Hydropower Station, about 70 km outside of Reykjavík. The production will be carbon-free, through the electrolysis of water with renewable power. This carbon-free method of producing hydrogen is still too uncommon, with most of the world’s hydrogen supply currently produced from natural gas with its respective carbon footprint.
Hydrogen is a carbon-free energy carrier, provided the electricity used to produce it is renewable. In addition to being a suitable transport fuel, hydrogen can be used for electricity production and heating, and is a vital component in a number of industrial processes.
By Jake Frith