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EU supports Norway's hydrogen projects with 1.1 billion NOK!
The EU is funding Norwegian hydrogen projects with NOK 1.1 billion to strengthen sustainable energy in Europe.
EU supports Norway's hydrogen projects with 1.1 billion NOK!
Norway plays a central role in Europe's growing hydrogen economy. On May 20, 2025, Norwegian companies GreenH AS, Gen2 Energy AS and Norwegian Hydrogen AS received significant funding of NOK 1.1 billion (€96.6 million) from the EU. These funds come from the EU Hydrogen Bank auction, which is part of the EU Innovation Fund, and are intended for renewable hydrogen production projects. In this context, Norwegian Hydrogen in Rjukan produces green hydrogen and supplies customers throughout Scandinavia, underlining the country's importance as a hydrogen producer.
Norway's Energy Minister Terje Aasland emphasizes that the funding is part of Norway's ambitions to develop hydrogen value chains in cooperation with the EU. In total, this funding supported 15 projects in the European Economic Area (EEA), with almost one billion euros being distributed.
Funding distribution and support
The allocations for Norwegian companies show the different priorities and potential in hydrogen production:
| Pursue | Funding (NOK) | Funding (Euros) |
|---|---|---|
| Norwegian Hydrogen in Rjukan | 154.1 million NOK | 13.2 million euros |
| Gen2 Energy in Mosjøen | NOK 719.1 million | 61.6 million euros |
| GreenH in Hammerfest | NOK 255.7 million | 21.9 million euros |
Additionally, Innovation Norway is supporting the Rjukan project with NOK 50 million in grants and a green growth loan of the same amount. Jens Berge, CEO of Norwegian Hydrogen, expressed enthusiasm about the funding and the associated opportunity to significantly increase production capacity.
European goals and challenges
Green hydrogen is considered a key energy source in the climate-friendly industry, but a recent report from the EU Court of Auditors shows that production in Europe is falling short of ambitious targets. The EU planned to produce and import ten million tonnes of green hydrogen by 2030 - a target now deemed “too ambitious”. According to the reports, the EU Commission needs to set more concrete and actionable targets to address the challenges along the entire hydrogen value chain.
The Court's warnings about potential loss of competitiveness in key industries and the creation of new strategic dependencies highlight the urgency of updating the Commission's hydrogen strategy. Despite these challenges, the development of green hydrogen remains a source of hope for the energy transition as it could serve as the basis for new fuels. However, the production of hydrogen is currently energy-intensive and more expensive than fossil fuels.
The next hydrogen auction is already in sight, with a bidding deadline until spring 2026 and an announced budget of one billion euros. These initiatives could make a crucial contribution to promoting a sustainable and competitive hydrogen-based sector in Europe.
For further information about EU funding for hydrogen projects in Norway, visit businessportal-norway.com or for insights into the European hydrogen strategy e.g. tagesschau.de.