In the Netherlands, Offshore Energy reported that Norwegian renewable energy supplier Statkraft has decided to halt new green hydrogen developments, citing increased market uncertainties. While new projects will not be pursued, parts of the existing portfolio will reportedly continue to be matured in preparation for potential investment, according to the report. Several projects have received external funding opportunities, and the company is working with authorities to ensure their progression. Birgitte Ringstad Vartdal, President and CEO of Statkraft, said: “After reducing the ambition level on green hydrogen development last year, we are experiencing even more uncertainty in the market. Therefore, Statkraft has decided to stop new development of green hydrogen and going forward we will prioritize growth opportunities in other technologies, and market operations.”
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