MorGen7 May 2026 15:43
MorGen Energy has been selected under the European Hydrogen Bank auction financed by the EU Innovation Fund, with a conditional grant of up to EUR 422.75 million awarded to support the future operations of the 300MW Njordkraft green hydrogen project in Esbjerg, Denmark.
This represents an important milestone toward final investment decision for one of Europe’s most significant infrastructure-integrated renewable hydrogen developments.
Njordkraft is designed to produce RFNBO-compliant renewable hydrogen for industrial customers in Germany and mainland Europe via the future Danish and German hydrogen backbone system. The project combines access to competitive renewable power, strategic infrastructure connectivity and proximity to key industrial demand centres.
As RED III obligations are implemented across Europe, demand for renewable hydrogen and hydrogen-derived fuels is expected to increase significantly across sectors including steel, refining and energy-intensive manufacturing.
Our focus now turns to advancing commercial discussions with industrial counterparties and progressing the project toward final investment decision and execution.