Norway plans to double the amount of hydrogen fuel in its budget

China Petrochemical News Network reported on May 13 that according to the state budget revised on May 11, the Norwegian government plans to double the state’s funding for hydrogen fuel and increase expenditures to 200 million Norwegian kroner (2000 Million euros).

Funds for hydrogen infrastructure and market development are expected to increase from the 100 million Norwegian kroner (10 million euros) specified in the original 2021 state budget in October to the revised 185 million Norwegian kroner (18.

Infrastructure development will be partly managed by Enova, a state-owned enterprise under the Ministry of Climate and Environment, which will manage pilot technology development projects and create a geographic hub and supply chain for commercial hydrogen.

Another 15 million Norwegian kroner (1.

The revised national budget will be reviewed by Parliament and a decision will be made at the end of June.

Norway’s natural gas supply accounts for approximately 20-25% of Europe’s natural gas demand and is the world’s third largest natural gas exporter, second only to Russia and Qatar.

Natural gas is the main raw material of blue hydrogen, and renewable energy is the main raw material of green hydrogen.

Although Norway has huge natural gas reserves, its renewable energy-dominant power generation capacity means that the country can also be in an advantageous position in terms of green hydrogen production.

　　According to ICIS’s long-term electricity forecast data, 84% of the country’s 40.

　　Zhu Jiani is an excerpt from ICIS

　　The original text is as follows:

　　Norway plans to double hydrogen funding in revised 2021 budget

　　The Norwegian government plans to double state funding for hydrogen, increasing spending to NOK 200 million (€20m), according to the revised national budget on 11 May.

　　Funding for the development of hydrogen infrastructure and markets is expected to rise from NOK 100 million (€10m) as designated in October's original 2021 state budget, to NOK 185 million (€18.

　　Infrastructure development will be partly managed by Enova, a state enterprise owned by the Ministry of Climate and Environment, which will manage pilot technology development projects as well as the creation of geographical hubs and supply chains for commercial hydrogen.

　　An additional NOK 15 million (€1.

　　The revised national budget will be reviewed by parliament and decided upon at the end of June.

　　Norway supplies roughly 20-25% of European gas demand and is the third largest exporter of natural gas in the world, behind Russia and Qatar.

　　Natural gas is the key feedstock for blue hydrogen, while renewable power is the primary feedstock for green hydrogen.

　　Despite large natural gas reserves, Norway's renewable-dominated power generation capacity means the country could also be well positioned for green hydrogen production.

　　Of the country's 40.
5GW of power generation capacity in 2021, 84% is made up of hydropower sources, according to figures in ICIS' long-term power forecast.
A further 10% of capacity comes from onshore wind installations.
​