Everfuel A/S has transferred its ownership in the planned 20 MW Hydrogen Hub Agder electrolyser to the project partner Greenstat Hydrogen AS in exchange for potential future milestone-based payments for its participation in the development of the project.

The potential future payments depend on the project achieving final investment decision. Following the share transfer, Greenstat Hydrogen AS own 100% of the project located in Kristiansand, Norway.

“This transaction is in line with our realigned strategy with focus on phased development of large-scale electrolysers in Denmark to meet demand for green hydrogen from large industrial users in Germany and continental Europe. We are pleased that our project partner Greenstat Hydrogen AS now assumes full ownership to further mature the project and bringing the facility into production to decarbonise maritime transport,” says Jacob Krogsgaard, founder and CEO of Everfuel.