DENMARK - The first phase of the project will have an expected electrolysis capacity of 150 MW and will be powered by onshore wind and solar PV.

Ørsted has announced that together with Skovgaard Energy, a Danish renewable energy developer, have signed a letter of intent to jointly develop a Power-to-X facility in Denmark with one of the country's most attractive locations. The facility should be built in several phases, and it can thus play a central role in the start-up of the Danish Power-to-X industry as well as in the establishment of large-scale exports of renewable hydrogen for the green transformation of Europe.

According to Ørsted, the first phase of the project will have an expected electrolysis capacity of 150 MW and will be powered by onshore wind and solar PV. Skovgaard Energy has already commenced the development of both the Power-to-X project and the associated onshore wind and solar PV, which can enable a fast development of the project, if the regulatory work goes according to plan.

According to the company, the Power-to-X facility will be located in Idomlund near Holstebro in the western part of Denmark, which is an optimal strategic location enabling significant scaling of the project. Idomlund is expected to be the landfall for parts of the huge offshore wind build-out in the North Sea, which enables easy access to very large renewable energy resources. The EU countries around the North Sea have set combined offshore wind targets of 65 GW by 2030 and at least 150 GW by 2050.

"It's a historically good day for the economic development of western Denmark. With this collaboration with Ørsted, we're shifting gears and accelerating the local, national, and international green transition. We're proud of the collaboration and of contributing to this development," said Niels Erik Madsen, CEO of Skovgaard Energy.

Source:  Ã˜rsted