Topsoe receives public funding to scale up Power-to-X solutions
The Danish Board of Business Development (Danmarks Erhvervsfremmebestyrelse) is granting up to 88.8 million krone (USD$12.55 million) to a partnership between Topsoe, Denmark’s Technical University and Aarhus University. Topsoe is to receive up to 80.3 million krone (USD$11.35 million) of the total grant sum. The funds will support innovation activities related to scaling up and globally deploying Topsoe’s solid-oxide electrolyzer (SOEC) technology. Topsoe says it is committed to lead the way to ensure the needed electrolyzer capacity is available in the near-term to help meet Danish and European Power-to-X and green-hydrogen ambitions.
In the light of the ambitious Danish Power-to-X strategy and EU’s green-hydrogen goals, which have now increased the demand for electrolyzers with the recent REPowerEU, Topsoe recently announced its intention to build the world’s most advanced industrial-scale electrolyzer production facility to speed up commercial-size Power-to-X. The production facility will be able to support the gigawatt-size green hydrogen projects that many developers have at the planning stage.
Now, the Danish Board of Business Development supports this work by granting up to USD$12.55 million to a partnership between Topsoe, DTU and AU, as the partners’ research and innovation is strongly called for to address key technology risks in scaling up.
“Power-to-X technology will play a central role in the green transition, and right now we see a strong momentum for green-energy solutions throughout Europe,” said Topsoe CEO Roeland Baan. “At Topsoe, we are pioneering the Power-to-X landscape with our SOEC technology offering 30 percent higher efficiency than remaining technologies and even at a lower cost, and we are extremely happy to receive the support and trust from the Danish Board of Business Development to further this technology and pave the way for a faster deployment of Power-to-X nationally and globally.”
Simon Kollerup, Danish minister for industry, business and financial affairs, said, “Power-to-X and hydrogen can become a new business adventure for Danish companies, and it is fantastic to see so many ideas about future green fuels coming from Danish companies. It speaks directly to the Danish strategy on Power-to-X to industrialize and [scale up] production making it easier and more competitive to produce green hydrogen. Power-to-X fuels as replacement for fossil fuels will contribute to lowering CO2 emissions in Denmark and globally and it is vital that the companies have the will, ambitions, and skills to participate in the development. And we can see that they have.”
According to Topsoe, funding is a prerequisite to meet the Danish Power-to-X strategy and the EU’s green-hydrogen goals. Currently, a sufficient regulatory framework is missing to mobilize investment towards green-hydrogen projects, which makes public funds critical for Topsoe’s large-scale ambitions in SOEC electrolysis.
The funding from the Danish Board of Business Development is the first phase in funding Topsoe’s scale-up activities in Power-to-X. Further national and international funding is necessary for the ambitious goals of Denmark and the Danish Power-to-X strategy. Topsoe says it is committed to lead the way to ensure the needed electrolyzer capacity is available in the near-term.
Facts about the funding
The Danish Board of Business Development supports the development of green innovative technologies with a total of 225 million krone (USD$31.8 million) from the REACT-EU program
19 projects applied for funding, 14 projects were awarded funding
The projects must spend the funding no later than August 2023
The funding is part of a strategy by the Danish government to develop and advance green hydrogen and fuels
Facts about Topsoe’s SOEC manufacturing facility
Topsoe is building an advanced industrial-scale electrolyzer manufacturing facility to enable a faster deployment of Power-to-X globally
When in operation, it will be the world’s most advanced electrolyzer manufacturing facility with 500-megawatt capacity per year and with an option to expand to 5 gigawatts
The plan is to place the manufacturing facility in Herning, Denmark