EUDP has just awarded 554 million DKK to 28 new energy projects, meaning that just under one in three applicants has received funding, compared to 90 who had applied.
The projects that have received funding range from projects on energy storage based on liquid salt, green hoods to C02 storage in the North Sea and much more.
- We have chosen to support the most promising projects among the many applicants and are now looking forward to following the new projects that, within their respective focus areas, will make a positive difference to the climate, growth and employment, says Anne Grete Holmsgaard, chairwoman of the EUDP board in a press release.
Although commitments have been made to just under one in three applicants, the projects have received far less than a third each. The greatest financial confidence has been in Carbon Capture and Storage projects (CCS). Thus, five CCS projects have been awarded a total of approx. 322 million DKK. DKK of the 554 million DKK.
The largest recipients are Project Greensand Phase 2 with 197 million DKK, which has Ineos Oil & Gas Denmark as the main applicant, and the Bifrost project, which has received approximately 75 million DKK, which has TotalEnergies as the main applicant.
The Bifrost consortium will attempt to store CO2 in the Danish Underground Consortium's (DUC) Harald field, where it is expected to be able to store 3 million tons of CO2 per year from 2027.
The Greensand project focuses on CO2 storage in the Nini field, also in the Danish part of the North Sea, where the project consortium expects to be able to deliver storage capacity of 0.5-1.5 million tons. tons of CO2 per year in 2025. The support for Greensand is the largest single grant in EUDP's history.
Energy storage in sewage treatment
However, CCS was not the only thing that ran with EUDP funds. For example, the Molten Salt Energy Storage project has received approximately 13 million DKK to realize plans to build a large-scale plant in Esbjerg, where surplus electricity from, for example, solar or wind energy can be stored for up to 14 days in sodium hydroxide - a product also known as sewage treatment.
- Sodium hydroxide is an extremely corrosive salt in liquid form and has therefore been written off for a long time when we talk about energy storage. We have found a solution to the problem, which we now need to scale up. The advantage of sodium hydroxide is that it is extremely energy-dense and very cheap, as it is a by-product in connection with chlorine production. We expect to be able to deliver a large-scale storage facility that is 50 percent cheaper than existing solutions, says Ask Emil Løvschall-Jensen, co-founder of Seaborg and Hyme and one of the parties behind the project.
European Energy, Green Hydrogen Systems DTU Wind and Vattenfall Vindkraft, among others, have also received support for various projects. You can see an overview of all the supported projects by clicking here.
Distribution of funds to EUDP's focus areas (DKK million)
- More green electricity – and for more purposes 72,500,664
- Energy efficiency 18,420,223
- Passenger transport and light goods transport 21,902,705
- Heavy transport and Power-to-X 29,143,819
- Heat and heat storage 33,169,750
- Green process energy 54,800,937
- CO2 capture, storage and utilization 322,661,416
- Other 1,871,908
Total: DKK 554,471,422
Source: EUDP
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