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European and Mitsui pick Danske to optimise Kassø facility

RICHARD HEAP

June 25, 2024

European Energy and Mitsui’s 51:49 joint venture SPK has picked Danske Commodities as electricity optimisation partner for the Kassø power-to-X plant in Denmark.

Kassø is set to be the world’s largest commercial power-to-X plant when it becomes operational this year. Danske will provide electricity balancing and optimisation facilities to support fuel production. Kassø is located next to a 304MW solar farm that is the largest in the Nordics.

Helle Østergaard Kristiansen, chief executive at Danske Commodities, said: “Utilising 20 years of power trading experience and a fully automated algorithmic setup, Danske Commodities has become a leading optimiser of renewables and flexible energy assets. Today, we add the first power-to-X facility to our growing portfolio, and we look forward to continuing our strong collaboration with European Energy and Mitsui.”

Knud Erik Andersen, chief executive at European Energy, said: “Partnering with Danske Commodities allows us to leverage their expertise in energy trading to ensure that the Kassø facility operates at maximum efficiency when it comes online later this year. This allows us to take a significant step forward in our mission to deliver sustainable energy solutions on a large scale.”

Junji Fukuoka, managing officer and chief operating officer of basic materials business unit at Mitsui, said: “Mitsui is committed to advancing innovative energy solutions worldwide. Our collaboration on the Kassø Power-to-X facility reflects our dedication to sustainable development and reinforces our strategic partnership with European Energy. We are excited about the potential of this project to set new standards in the production of e-methanol and contribute to a greener future.”

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