Vattenfall continues review of HySkies project scope
Vattenfall and Shell have decided to pause their collaboration in the HySkies electrofuel project while Vattenfall continues the search for new partners to join potential industry decarbonisation developments in the Forsmark region.
In 2021 Vattenfall took the initiative to develop the HySkies project together with Shell, aiming to speed up the transition towards electrofuels for aviation. Now Vattenfall and Shell have agreed to pause their collaboration, and invite other potential partners to join Vattenfall.
”When new technologies are being investigated, like in HySkies, there can be adjustments in early stages of projects, such as the feasibility study phase. However, Vattenfall believes strongly in the opportunities of the Forsmark region to decarbonise heavy industries, and we will continue our investigations to identify potential suitable partners to join our ambitions towards a fossil free future,” says Per Sundell, Senior Business Developer, Vattenfall.
While Shell sees a future in the HySkies project, including opportunities for future potential collaborations, currently there is a different belief in timelines for the project to be realised.
With Vattenfall´s high belief in the opportunities of the Forsmark region to decarbonise heavy industries through fossil free electricity, hydrogen and captured CO2, the full potential is currently under review and investigations are ongoing to identify potential suitable industrial partners to join our ambitions towards a fossil free future.
Both companies have requested for a termination of the grant agreement for financial support via the EU Innovation Fund, considering it is infeasible for the project to succeed within the framework of that agreement and aiming to free up funds for others to use in their ambitions to decarbonise.
See also
Collaboration and competitiveness in focus at Bruzaholm’s inauguration
The onshore wind farm in Bruzaholm has been inaugurated, marking a step forward for fossil-free electricity and strengthening regional electricity supply, flexibility and competitiveness.
What can the energy transition mean for European competitiveness?
European industries are still dependent on imported fossil fuels, which can increase energy prices – and create a situation where the continent will always be third best after USA and China....
When emissions become cheaper, the cost to Europe risks rising
As energy prices rise, pressure mounts to reduce the price of carbon emissions. But making the EU’s emissions trading system cheaper risks becoming a costly outcome for Europe – ...