Aker Horizons ASA (OSE: “AKH”), a developer of green energy and industry, today announced that Aker Horizons Asset Development, the company’s wholly-owned asset development arm dedicated to hydrogen projects, has been awarded up to NOK 135 million in grants and loans from ‘Innovation Norway‘ for the green hydrogen production facility at Rjukan, in Eastern Norway. ‘Innovation Norway’, the Norwegian Government’s key instrument for supporting innovation and development of Norwegian enterprises and industry, is awarding up to NOK 85 million in grants and up to NOK 50 million in green growth loan to the Rjukan project, subject to certain terms and conditions. The Rjukan project will produce approximately 9 tonnes per day of green hydrogen from 20 MW electrolyser capacity. Existing infrastructure and industrial land and available hydropower at the site have been secured, and the project aims to be an early industry mover in green hydrogen production. Aker Horizons plans to make a final investment decision for Rjukan by the end of 2023, with an estimated commercial operation date in 2025.

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