- Ren-Gas's eNRG Kotka project received a €41.9 million grant from the EU Innovation Fund.
- The project aims to produce renewable e-methane, green hydrogen, and district heating.
- Ren-Gas plans to establish a e-methane production network in Finland by 2030.
- The EU Innovation Fund supports projects that reduce greenhouse gas emissions.
EU Grant for eNRG Kotka Project
Ren-Gas's eNRG Kotka project has secured a €41.9 million grant from the EU Innovation Fund. This funding is a crucial step towards the project's final investment decision and accelerates the development of Ren-Gas's portfolio.
Project Goals and Impact
The eNRG Kotka project is a Power-to-Gas facility designed to produce renewable e-methane, green hydrogen, and district heating from excess process heat. It aims to contribute significantly to the decarbonization of the transportation and energy sectors.
Network Expansion Plans
Ren-Gas plans to establish a comprehensive e-methane production network in Finland by 2030. This network will supply renewable fuels to the road transportation and maritime sectors, reducing reliance on fossil fuels.
Previous Funding and Support
Ren-Gas has previously received investment grants from the Finnish Ministry of Economic Affairs and Employment for its Tampere project and a 10-year production subsidy for the eNRG Lahti project from the EU hydrogen bank auction. The Lahti project also received significant energy investment subsidies for carbon capture and methanation equipment.
EU Innovation Fund's Role
The EU Innovation Fund supports innovative low-carbon technologies and projects that aid the clean energy transition. The selection of the eNRG Kotka project underscores its potential to significantly reduce greenhouse gas emissions and promote renewable fuels in Europe.
