Wison New Energies and H2Carrier AS have announced a strategic partnership aimed at reducing production costs in the green ammonia sector. The collaboration combines Wison’s EPCIC execution capabilities and cost efficiency with H2Carrier’s project development expertise and floating production competence to deliver cost-competitive clean fuel solutions.
The partnership’s joint objective focuses on significantly reducing the cost of producing and supplying green ammonia through innovation, scale, and standardisation, particularly in resource-rich environments with low electricity costs. The collaboration targets the complete delivery of a 500MW Green Ammonia FPSO (floating production, storage and offloading facility) for green ammonia production in northern Norway.
Addressing Market Challenges
The initiative responds to the accelerating global need for decarbonisation and improved energy security. Despite subsidies and public support, the cost gap between clean fuel production and fossil alternatives remains substantial, leading to the cancellation or postponement of several clean fuel projects, including hydrogen and ammonia developments, in recent months.
The companies recognise that meaningful progress toward a net-zero future depends on the renewable industry’s ability to produce clean fuels more cost-effectively and competitively compared to fossil alternatives. This market challenge drives the strategic focus on cost reduction through technological innovation and operational efficiency.
Complementary Expertise and Capabilities
Under the exclusive project collaboration, Wison brings its established position in engineering and design, along with cost-effective construction and integration capabilities for the Green Ammonia FPSO. The company leverages years of EPCIC experience and a proven track record in floating production vessels, including FPSO and FLNG projects, to accelerate time-to-market and reduce project risk through end-to-end partnership capabilities.
H2Carrier contributes several years of experience in floating production of green ammonia, encompassing both technical expertise and project development of complete value chains for floating production of hydrogen derivatives. The company’s selected solution draws from FPSO and FLNG experiences to deliver low-cost renewable energy to end users through safe and efficient methods using existing and proven technologies while minimising environmental impact on land.
Strategic Vision and Market Positioning
Dr. Huang Yi, president of Europe at Wison New Energies, characterised the collaboration as bringing market benefits from low-cost electricity generation potential in northern Norway and other remote territories worldwide. He emphasised that Wison views Power-to-X (P2X) in general, and green ammonia specifically, as a strategic growth pillar, with the collaboration confirming the company’s commitment in this direction.
Dr. Huang noted the advantages of the project developed in Norway by H2Carrier, highlighting Norway’s position at the forefront of green developments and its substantial ship-owning industry base with clear net-zero commitments.
Mårten Lunde, CEO of H2Carrier AS, outlined the partnership’s approach of combining remote, low-cost renewable energy with cost-optimised construction, integration, and project execution to achieve competitive green ammonia production costs. He emphasised that the project, along with H2Carrier’s portfolio of international large-scale projects based on the P2XFloater™ technology, enables standardisation and replicability as key factors for achieving construction, integration, and execution efficiencies.
Lunde noted that the solution enables shortened project cycle times for new P2X developments, contributing to improved returns. He expressed satisfaction with engaging Wison as a valuable partner in reaching these objectives and bringing safe and sustainable energy infrastructure to market.
Technology and Implementation Strategy
The collaboration leverages the P2XFloater™ platform to enable standardisation and replicability across multiple projects, supporting efficient scaling of green ammonia production capabilities. The approach focuses on utilising remote renewable energy resources while minimising land-based environmental impact through floating production infrastructure.
The partnership positions both companies to address the growing demand for cost-competitive clean fuels while contributing to global decarbonisation objectives through innovative floating production solutions.
For more information visit www.wison-energies.com
