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H2Carrier receives Approval in Principle from DNV

Aug. 30, 2022

H2Carrier is the designer and owner of the proprietary floating energy production and storage system P2XFloater™; the first industrial scale floating green hydrogen and ammonia facility of its kind in the world. The concept is based on proven floating production, storage and off-take technologies combined with an e-control system capable of balancing renewable electricity feedstock through a fully integrated PEM and Haber-Bosch system. H2Carrier will build, own and operate a fleet of P2XFloaters.

H2Carrier has developed the P2XFloater™ concept in a close co-operation with leading maritime and process engineering companies in Norway, thus building on decades of experience and competence from the oil & gas sector, the marine industry and the offshore wind installation industry.

The P2XFloater™ has now reached another important milestone with the award of an Approval in Principle (AiP) from DNV which affirms the technical feasibility of the design.

DNV’s Vice President, Business Development for Floating Production, Conn Fagan, said “the AiP covers all aspects of the integrated vessel concept including structural integrity, mooring, ammonia production, ammonia storage and cargo handling. The AiP assessment has looked at the technical challenges associated with offshore ammonia production and has concluded that there are no insurmountable difficulties to preclude future classification of the design,” said Fagan.

“The innovative P2XFloater™ concept provide a low-cost, fast-track and flexible solution to produce green ammonia on an industrial scale and at a competitive price. Market demand is rapidly increasing primarily due to the decarbonisation of the industrial and maritime sector” says Mårten Lunde, CEO of H2Carrier AS.

Mr. Lunde adds that “we are very pleased to have been awarded the AiP from DNV, which is a significant technical milestone that gives us a springboard for further development towards commercial realization of this concept.”

About H2Carrier

H2Carrier AS was established in 2019 based in Oslo, Norway by a core team comprising skills and experience from floating production of oil & gas, offshore wind installation and the renewables industry.

The company has developed its innovative P2XFloater™ design which enables off-grid production and thus enables remote renewable energy resources to be realized through production and storing of hydrogen and green ammonia with further transportation to the consumer markets.

The renewable source can be either hydro power, sun or wind- or a combination of these. Low-cost electricity is the single most important factor for the production of all zero carbon energies and globally, there are significant unused and non-commercial renewable resources which can be developed by the the P2XFloater™. A floating structure also has several other advantages compared to a land-based production facility for green ammonia with i.e. a terrain intervention which is insignificant in comparison.

H2Carrier is currently involved in energy generation projects in Scotland and Northern Norway. The demand for green ammonia internationally is rapidly increasing due to the industrial decarbonization. The maritime sector will provide further growth to this market as deep sea vessels in particular, will convert zero carbon fuels.

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