Hy2gen USA and offshore wind energy developer Ocean Connect Energy Inc. (OCE) signed a Memorandum of Understanding (MoU) to produce green hydrogen from offshore wind projects worldwide. The MoU formalizes the joint venture between the two companies to identify, evaluate, and develop favorable locations to power Hy2gen’s renewable hydrogen and e-fuel production from the gigawatt-scale offshore wind energy generation that OCE develops in the USA and worldwide.

Additionally, to identify and develop high-capacity offshore wind energy areas where limited grid transmission, low electricity demand, or other factors might be holding back project development, Hy2gen and OCE have formed a 10-month working group. 

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David White, president of Hy2gen USA, said, “Where green hydrogen production can be built near the point of interconnect from offshore wind energy generation, we have the potential to create predictable and lasting demand for the energy. This makes the need for new grid transmission less urgent and infrastructure investment less substantial while accelerating wind energy project execution."

Co-development between hydrogen production and offshore wind has the potential to accelerate both renewable fuel production and offshore wind generation.

Reasons for the Research

The research is part of Hy2gen’s strategy, which aligns with the clean hydrogen regulatory framework established by the 2022 Inflation Reduction Act and subsequent guidelines anticipated by the U.S. Department of Treasury. Hy2gen is committed to producing renewable fuels that meet the highest standards established by the new industry. The study will be pivotal in executing green hydrogen projects in the USA. 

About Hy2gen USA

Hy2gen USA is a wholly-owned subsidiary of Hy2gen AG, based in Wiesbaden, Germany. The company develops, finances, builds, and operates plants to produce renewable hydrogen and hydrogen-derived “e-fuels”—renewable ammonia, e-methanol, and sustainable aviation fuel. 

Founded in 2017, the company has 12 GW of green hydrogen projects developed in Europe and the United States. 

About Ocean Connect Energy 

Ocean Connect Energy (OCE) is a development services firm with extensive experience developing renewable energy projects worldwide. With partners and affiliates in North America, Europe, and Asia, OCE works with allies to initiate and develop large-scale renewable energy projects that progress the energy transition and drive economic opportunity. 

Established in 2023 and based in Portland, Oregon, USA, and Hamburg, Germany, OCE has worked with strategic partners and affiliated companies in the global green energy market.

Read: RWE to Build Large-Scale Green Hydrogen Plant in Scotland

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