Everfuel and Hydro sign MOU for cooperation on industrial scale hydrogen supply
Herning, Denmark, 20 May 2021 – Everfuel A/S and Hydro’s renewable hydrogen company have signed a Memorandum of Understanding (MoU). The two companies will seek to establish a framework for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. The two companies intend to develop projects adjacent to Hydro-owned aluminum plants with dedicated special purpose companies (SPV) facilitating the construction and operation of each electrolyser. The SPVs will either be fully owned by Hydro, or majority owned by Everfuel, depending on