23-06-2022

Topsoe receives public funding for scaling up power-to-x solutions

• The Danish Board of Business Development (Danmarks Erhvervsfremmebestyrelse) is granting up to DKK 88,8 million to a partnership between Topsoe, Denmark’s Technical University (DTU) and Aarhus University (AU). Topsoe is to receive up to DKK 80,3 million of the total grant sum. 
• The funds will support innovation activities related to upscaling and globally deploying Topsoe’s SOEC technology. 
• Topsoe is committed to lead the way to ensure the needed electrolyzer capacity is available in the near-term to help meet Danish and European Power-to-X and green hydrogen ambitions. 

In the light of the ambitious Danish Power-to-X strategy and EU’s green hydrogen goals, which have now increased the demand for electrolysers with the recent REPowerEU, Topsoe recently announced its intention to build the world’s most advanced industrial scale electrolyser production facility to speed up commercial-size Power-to-X. The production facility will be able to support the GW-size green hydrogen projects that many developers have at the planning stage. 

Now, the Danish Board of Business Development supports this work by granting up to DKK 88,8 million to a partnership between Topsoe, DTU and AU, as the partners’ research and innovation is strongly called for to address key technology risks needed for upscaling.  

Funding is a prerequisite to meet Danish Power-to-X strategy and EU’s green hydrogen goals 

Currently, a sufficient regulatory framework is missing to mobilize investment towards green hydrogen projects, which makes public funds critical for Topsoe’s large-scale ambitions in SOEC electrolysis.  

The funding from the Danish Board of Business Development is the first phase in funding Topsoe’s scale up activities in Power-to-X. Further national and international funding is necessary for the ambitious goals of Denmark and the Danish Power-to-X strategy. Topsoe is committed to lead the way to ensure the needed electrolyzer capacity is available in the near-term. 

Facts about the funding  

• The Danish Board of Business Development supports the development of green innovative technologies with a total of DKK 225 million from the REACT-EU program  
• 19 projects applied for funding, 14 projects were awarded funding 
• The projects must spend the funding no later than August 2023  
• The funding is part of a strategy by the Danish government to develop and advance green hydrogen and fuels. 

 Facts about Topsoe’s SOEC manufacturing facility 

• Topsoe is building the globally most advanced industrial scale electrolyzer manufacturing facility to enable a faster deployment of Power-to-X globally.   
• When in operation, it will be the world’s most advanced electrolyzer manufacturing facility with 500-megawatt capacity per year and with an option to expand to 5 gigawatts. 
• The plan is to place the manufacturing facility in Herning, Denmark.