European Company Plans to Build an Artificial Island for Green Hydrogen Production from Offshore Wind in Denmark

Climate change activism is increasingly gaining traction. And nations are gradually transitioning from fossil fuels to safer, green energy. Activists are relentlessly leveraging diverse platforms to voice their concerns about the future if nothing is done to decelerate climate change and find better sources of energy.?

In response, Europe seems to be leading in the fight against climate change and in green energy adoption. Recently, a company made known its plan to build an artificial island dedicated to the large-scale production of green hydrogen.

CIP Unveils Plans to Build Offshore Wind-to-Green Hydrogen Energy Islands in Germany and Denmark

Copenhagen Infrastructure Partners (CIP) has revealed their plans to create a man-made island for the purpose of producing green hydrogen from offshore wind in Denmark in large quantities. The company has also struck a deal with Allianz Investment Management (AIM) to carry out a feasibility study for the same type of project in Germany.

The name of the island is Brinto and is proposed to be built on the Danish part of Dogger Bank. This area is expected to become a pivotal place for the future build-out of offshore energy systems in the North Sea. The energy infrastructure is expected to be up and running by 2030.

According to the company, 10 GW of offshore wind would be connected to the man-made island. And it will be basically used to generate green hydrogen through Power-to-X. 1 million tonnes of green hydrogen per year is expected to be produced from Brinto when it becomes fully functional. That’s about 7% of the total amount of hydrogen the EU is projected to consume in 2030.

CIP and Allianz Investment Management made it known on May 19, 2022, that they have closed a deal to carry out a feasibility study for a man-made island energy project. The study will be done in the German North Sea and the infrastructure would be connected to massive offshore wind farms. These business moves are fueled by the agreement among Ministers of Energy of Germany, Denmark, Belgium, and the Netherlands to accelerate the transition to green energy.

For both CIP and Allianz, this is not their first involvement in the energy island project. CIP already has stakes in different offshore wind farms globally and is also part of Vindo, an energy island project in Denmark. Allianz purchased a 25.2% stake in the 1.5 GW Hollandse Kust Zuid offshore wind farm in the Netherlands.

What do these energy projects tell you? It shows that the world is serious about transitioning to green energy. And green energy projects are expected to be common in the near future. Another question is, as a company, how are you getting ready for the energy switch?

The Transition to Green Energy and the Fast-Changing Business Landscape?

The world is moving away from fossil fuels and it’s impacting the global business space. Energy is at the heart of every economy. Restructuring the global energy system will surely revolutionize the economies of nations - and by extension, it will impact how companies do business.?

So, getting ready for the energy transition is the way to go if you want your organization to stand the test time. What do you need to do to stay competitive as nations gradually transition to green energy? Amongst other things, you need Advanced Digital Ecosystems.

What is Advanced Digital Ecosystems and Why Do You Need it in 2022?

A digital ecosystem is a group of interconnected information technology resources making collaborative intelligence possible. Digital ecosystems are made up of suppliers, customers, trading partners, applications, third-party data service providers, processes, procedures, standards (including governance), compliance, and risk management in digital-driven business.

You need advanced digital ecosystems in 2022 and beyond to help you build an ecosystem of business resources, partnerships, and collaboration you need to thrive in a fast-changing business world. This helps you to deepen your reach and partnerships, enabling you to create a robust business architecture that can withstand bad economies and unfavorable government policies.

How Advanced Digital Ecosystems Can Help You Stay Competitive in 2022 and Beyond

Having explained what digital ecosystems are and why you need them, let’s briefly take a look at how they can help you stay competitive amidst the global economic crisis and ever-changing business landscape.

1. Strategic Partnerships

Creating strategic partnerships is one of the major focuses of digital ecosystems. The digital business world is vast and requires multi-tier partnerships. If you’re planning to build a stable technology-driven business, you need strategic partnerships. Being resilient demands that you strategically spread your tentacles in partnership with relevant companies.

2. Innovation-Readiness

Creating a network of partners and interconnected products and resources enables you to be innovation ready. It reduces the barrier to innovation. You can quickly adopt new solutions and best practices by leveraging established connections and partnerships you’ve got.

3. Reduced Cost of Operation

You can streamline your business processes with a network of interconnected products and resources. You can easily share resources and expertise to improve your business processes. Multi-company ecosystems broaden your reach and give you access to cost-effective solutions.

4. Reduced Time-to-Market

Building a new product and adding a new revenue stream is both labor-intensive and time-consuming. Leveraging advanced digital ecosystems, you can easily gain access to the expertise and infrastructure you need to roll out a new product within the shortest time possible.

How Do I Implement Advanced Digital Ecosystems?

Every company that wants to be resilient and competitive needs to build a robust ecosystem of digital solutions and partnerships. Given the global call to transition to green energy from fossil fuel, the business landscape is expected to change massively. And only businesses with strong digital ecosystems stand the best chance to thrive.

We can help you institute robust digital ecosystems. Here at Bredec, we provide the competency and tools organizations need to develop a sound digital strategy for products, solutions, and corporate-wide transformation. We take care of disruptive transformation and innovation with the necessary precautions.

Contact us now to schedule a consultation with our digital ecosystem lead experts.

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Contributors; Gray Oshin (content creator),?Melanie Matt?(concept and strategy) &?Boris Matt?(Head of domain Advanced Digital Ecosystems)