A Collaborative Element of the Energy Transition
This week took me to Hamburg, which served as a good glimpse of the times we live in, in Europe, and taking the pulse of the energy transition. The gathering in mind, was the Norwegian-German Business Summit, showcasing the partnership between the nations for the green industrial transition, or transformation that is ongoing.
In these times, royal families in various European countries take an active position on climate change and the need for the green industry to scale up. Hamburg was no different, HRH Crown Prince Haakon of Norway came along with the ministers of Energy, Trade and Industry, backed by an industry delegation and participation from Norway as well as Germany. Hamburg will play an important role in having a big port and being the gateway to the Northern Seas.
The future supplies of green energy, in the form of hydrogen and ammonia, will to some portion come from Norway to Germany by 2030, so the industry value chain, as well as legislators and policymakers are working in high gear to make this happen. There are many hurdles and challenges, but I sense that the willingness and need to increase the pace and scale is there.
The Hamburg Chamber of Commerce was founded in 1665, and now, more than 350 years later, we are building the foundation for another alliance of trade and collaboration, of which the Northern German coastal city of Hamburg has a rich tradition, like the Hanseatic League initiated in the 13th century.
The ongoing transformation of industries is at the scale of a new industrial revolution, the green one. The aim is to become carbon neutral, e.g. green steel, carbon-neutral cement, sustainable fuels, and more. Green hydrogen, powered by renewable energy like hydropower and wind, is key in this equation. The utilization of carbon emissions to generate e-fuels is also essential. Changing the value chains takes time, even though the technologies are available. At Technip Energies, we play an important role in utilizing our expertise in engineering & technology, as well as project deliveries of green processing plants, whether we talk about carbon capture, green hydrogen/ammonia, sustainable fuels, lithium refining, or floating wind power.
/Mika
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