Business
EU Award for Offshore Green Hydrogen Production
EU Award for Offshore Green Hydrogen Production.
About this update from Itm Power Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9974K\n ITM Power PLC\n 08 January 2021\n \n \n \n 8 January 2021\n \n \n \n \n ITM Power plc\n \n \n (\"ITM Power\" or \"the Company\")\n \n \n \n \n €5m EU Award to Study Offshore Green Hydrogen Production with Ørsted and Siemens Gamesa\n \n \n \n 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:\n \n \n Consortium receives funding to investigate offshore hydrogen production\n \n \n \n \n \n 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.\n \n \n \n \n \n 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 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 coordinated by Element Energy.\n \n \n \n \n \n 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.\n \n \n \n \n \n The electrolyser system will be designed to be compact, to allow it to be integrated with a single offshore wind turbine, and to follow the turbine's production profile. Furthermore, the electrolyser system will integrate desalination and water treatment processes, making it possible to use seawater as a feedstock for the electrolysis process.\n...