Hy2gen USA and OCE ink renewable hydrogen MoU

May 16, 2024
Hy2gen and OCE have formed a 10-month working group to identify and mature high-capacity offshore wind energy areas where project development may be held back.

Offshore staff

PORTLAND, Oregon — Hy2gen USA Inc., the US subsidiary of green hydrogen producer Hy2gen, and Ocean Connect Energy Inc. (OCE), an offshore wind energy developer, have executed a memorandum of understanding (MoU) for the mutual investigation of the potential to power renewable hydrogen production from offshore wind. 

The MoU formalizes a collaboration between the companies to identify, evaluate and develop favorable locations to power Hy2gen’s renewable hydrogen and e-fuel production from the gigawatt-scale offshore wind energy generation that OCE develops across the world.

Hy2gen and OCE have formed a 10-month working group to identify and mature high-capacity offshore wind energy areas where project development may be held back by constrained grid transmission, low electricity demand or other factors.

"Where green hydrogen production can be built near the point of interconnect from offshore wind energy generation, we have the potential to create predictable and lasting demand for the energy. This makes the need for new grid transmission less urgent and the need for infrastructure investment less substantial, while accelerating wind energy project execution," said David White, president of Hy2gen USA Inc. 

05.16.2024

Courtesy Ocean Kinetics/Green Marine (UK)
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