Iðunn H2 is developing a commercial-scale e-kerosene production facility that utilizes Iceland's cost-competitive green electricity to produce hydrogen. This initiative aims to decarbonize land transport and marine applications in Iceland, supporting the country's commitment to complete transport decarbonization by 2050.
Funding
Funding not disclosed
Founders
Product
Problem
The land transport and marine sectors face significant challenges in decarbonization, particularly in regions heavily reliant on fossil fuels. Traditional fuels contribute to greenhouse gas emissions, necessitating a shift towards sustainable alternatives to meet environmental targets.
Solution
Iðunn H2 is developing a green hydrogen value chain, leveraging Iceland's renewable energy sources to produce hydrogen for transport and marine applications. By utilizing cost-competitive green electricity, the company aims to create economically viable and sustainable hydrogen infrastructure. This initiative supports the decarbonization of Iceland's transport sector, aligning with the country's commitment to complete decarbonization by 2050. The project focuses on producing e-kerosene, a sustainable aviation fuel (SAF), to reduce the carbon footprint of these industries.
Target Audience
The primary target audience includes companies in the land transport and marine sectors seeking to reduce their carbon emissions, as well as aviation companies looking for sustainable aviation fuel (SAF) alternatives.
Features
- Production of green hydrogen using Iceland's renewable electricity resources
- Development of a commercial-scale e-kerosene production facility
- Focus on decarbonizing land transport and marine applications
- Alignment with Iceland's national decarbonization goals