Topsoe awarded €94 million from EU’s Innovation Fund to build SOEC factory

The EU’s Innovation Fund has awarded Topsoe €94 million for the construction of the company’s first electrolyzer manufacturing facility in Herning, Denmark. The factory is expected to be operational by 2024 and will produce Solid Oxide Electrolyzer Cells (SOEC). Initial production capacity is 500 MW, with the option to expand further.

The factory will manufacture advanced, energy-efficient Solid Oxide Electrolyzer Cells (SOEC) that are essential in the production of green hydrogen and its derivatives.

Roeland Baan, CEO at Topsoe, said: “I’m very proud that the Innovation Fund acknowledges our technology leadership and our decision to take the first steps in increasing European electrolyzer manufacturing capacity. EU funding is key in supporting the industry’s endeavors to back the green hydrogen economy and contribute to EU’s 2050 climate neutrality target. We’re facing an immense task to decarbonize energy-intensive industries and long-distance transportation, and at Topsoe we’re doing our part. This grant from the EU demonstrates how public incentives and private innovation can bring us closer to net zero.”

Kim Hedegaard, CEO Power-to-X at Topsoe, added: “We’re incredibly honored to have been awarded such a prestigious grant. The energy transition demands careful use of resources to maximize outputs, and our SOEC technology is up to 30% more efficient than competing technologies. Our Herning factory is hopefully the first of many, enabling Topsoe to take a leading role in decarbonizing shipping, aviation, steel, and more industries. This is an exciting step for Topsoe, Denmark and the EU.”

HTW Editorial Team

HTW Editorial Team

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