Vattenfall will investigate the sale of its gas-fired power plant Magnum in Eemshaven in the Netherlands. With this strategic choice, Vattenfall focuses its conventional operations on gas-fired power plants with a specific role in heat supply. In addition, the means from a possible sale of Magnum can be used for investments in renewable energy production such as offshore wind.
Magnum power plant was originally designed as a coal gasification installation, but eventually built as a gas-fired power station with three steam and gas turbines and has the full potential to run on CO2-free fuel such as hydrogen in the future.
“Magnum is a profitable and state-of-the-art gas-fired power station with an important role in the security of supply in the Netherlands. At the heart of our heat operations is however the district heating business where we are focusing on decarbonising the heat supply to our customers. That is why we are now investigating whether a buyer can be found for our well-running plant,” Alexander van Ofwegen, Head of Vattenfall’s Dutch Heat operations says.
Magnum plant profitable for the long term
Magnum is "hydrogen-ready" and with relatively simple adjustments to, for example, the burners, it could quickly be made technically suitable for co-firing hydrogen or even completely switching to this fuel as a replacement for natural gas. A feasibility study for this has been successfully completed. The plant is expected to be needed for at least another 20 years. Continuity of business operations and employment are therefore not in question.
For further information:
Vattenfall Press Office +46 (0)8 739 5010, email@example.com