OX2 launches 1.9GW Swedish green energy hub

The Neptunus project could produce up to 225,000t/yr of green hydrogen

Stockholm-headquartered OX2 has started development on Neptunus, a 1.9GW offshore wind and hydrogen hub in the southern Baltic Sea. The project is expected to begin operations in the early-2030s. The project will produce 8TWh of electricity—equivalent to 5pc of Sweden’s current electricity consumption—and could produce up to 225,000t/yr of green hydrogen. OX2 will also investigate if the oxygen, a byproduct of electrolysis, can be used to oxygenate the bottom waters of the Baltic Sea in the project area. “The shift towards hydrogen, fossil-free industries and general electrification demands huge amounts of renewable energy, and Neptunus is strategically located to play a key role in this tra