Norwegian green investor backs LNG, hydrogen tech
Norwegian green energy investor Saga Pure said on June 2 it had completed a 30mn kroner ($3.6mn) private placement in IC Technology (ICT), a Tronheim-based developer of liquid hydrogen and LNG storage solutions.
The investment comes after classification society DNV's approval in principle of ICT's storage solution for liquid hydrogen. Saga now owns 33% of the company and has an option to invest a further 30mn kroner.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
ICT's storage and distribution solutions for cryogenic gases employ an active cooling solution that potentially eliminates boil-off and enables more flexible tank design and higher capacity utilisation, Saga said.
"We believe the technology being developed by ICT represents a potential breakthrough for large scale transport and storage of liquid hydrogen, and we see high potential for ICT going forward," Saga CEO Bjorn Simonsen said.