hydrogen

Sweden

RES signs new agreement with Prime Capital for production of sustainable aviation fuel

Independent renewable energy company RES has signed an agreement with the independent asset manager and financial services provider Prime Capital AG for the Alby hydrogen plant in Ånge municipality, Sweden.
RES signs new agreement with Prime Capital for production of sustainable aviation fuel
Courtesy of Wikipedia Commons.

The plant will be supplied with 500 MW of renewable energy from the Tovåsen substation. Through electrolysis, water will be broken into green hydrogen and oxygen. The hydrogen is then combined with captured carbon dioxide and further processed into synthetic sustainable aviation fuel (eSAF). Under the ReFuelEU regulation, eSAF is promoted by the European Union as key to reducing emissions in the aviation sector in forthcoming years.

The plant is expected to generate additional jobs in the municipality of Ånge, in addition to reducing emissions.

Project Alby is another chapter to the successful collaboration between Prime Capital and RES. Prime Capital owns several other RES-developed energy projects including the nearby located Björnberget Vindkraft AB.

“500 MW capacity allows for a significant renewable aviation fuel production” said Matilda Afzelius, CEO of RES in the Nordics. “In a broader perspective, is an important step in the transition to fossil-free fuels. For RES Nordics, this hydrogen development agreement with Prime Capital is a final exam. A final exam which we passed with honors, indicating that RES Nordic develop marketable, attractive and sustainable energy projects that also create positive socio-economic effects in places like Ånge.”

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