Global energy trading giant Vitol Group has secured a 10% equity interest in Norwegian green hydrogen producer, Gen2 Energy, as it sets its sights on adding more carbon-free resources to its portfolio.

Financial details were undisclosed.

As the world shifts to lower carbon energy solutions, Vitol’s most recent acquisitions reflect the energy transition as they are replete with carbon capture strategies, green liquefied natural gas facilities, as well as involvement in multiple decarbonization strategies as part of their sustainability commitment and environmental, social governance strategies. 

“Hydrogen will be a core component of the energy mix of the future and key part of the path to net-zero,” said Vitol managing director Chris Bake. 

Green hydrogen, unlike blue...