ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to note the announcement today of a €5m award to a consortium to study the production of green hydrogen offshore. The full joint announcement concerning the OYSTER project is set out below:
ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy have been awarded EUR 5 million in funding from The Fuel Cells and Hydrogen Joint Undertaking (FCH2-JU) under the European Commission to demonstrate and investigate a combined wind turbine and electrolyser system designed for operation in marine environments. The Fuel Cells and Hydrogen 2 Joint Undertaking (FCH2-JU), a public private partnership of the European Commission, has awarded the consortium behind the OYSTER project, consisting of ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy EUR 5 million to investigate the feasibility and potential of combining an offshor
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The Fuel Cells and Hydrogen 2 Joint Undertaking (FCH2-JU), a public private partnership of the European Commission, has awarded the consortium behind the OYSTER project, consisting of ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy €5 million to investigate the feasibility and potential of combining an offshore wind turbine directly with an electrolyser and transporting renewable hydrogen to shore. The consortium will develop and test a megawatt-scale fully marinised electrolyser in a shoreside pilot trial. The project will be co-ordinated by Element Energy.
To realise the potential of offshore hydrogen production, there is a need for compact electrolysis systems that can withstand harsh offshore environments and have minimal maintenance requirements while still meeting cost and performance targets that will allow production of low-cost hydrogen. The project will provide a major advance towards this aim.
ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy have joined forces to investigate the feasibility and potential of combining an offshore wind turbine.
Consortium secures €5m grant for offshore hydrogen production project
The OYSTER project aims to explore the potential of hydrogen production from offshore wind at a cost that is competitive with natural gas
Image: Ørsted
A consortium of energy leaders, including Ørsted, ITM Power, Siemens Gamesa Renewable Energy and Element Energy has secured €5 million (£4.5m) grant for an offshore hydrogen production project.
The OYSTER project, which is planned to start in 2021 and run until the end of 2024, aims to explore the potential of hydrogen production from offshore wind at a cost that is competitive with natural gas.
The consortium will develop and test an MW-scale electrolyser, which will be connected to an offshore wind turbine.