HH2E and Foresight Group announce funding for green hydrogen production site in Germany

The plant will be capable of producing approximately 6000 tpy of green hydrogen during the first 100 MW phase, which will encompass high-capacity battery storage and electrolysis. Subsequent expansion phases are expected to increase capacity to over 1 GW, with production exceeding 60 000 tpy of green hydrogen.

The first phase of the project (100 MW) is supported by Foresight Group, a significant institutional investor in green energy and environmental infrastructure.

The plant will be built and operated by HH2E through a local company, HH2E Werk Lubmin GmbH. It will serve green hydrogen customers and offtakers, including large-scale energy and industrial consumers such as the chemical industry and commercial air and road transport operators. MET Group, an integrated European energy company, with activities in natural gas and power, will maintain its collaboration with HH2E, focusing on facilitating the sale of green hydrogen produced by HH2E at both Lubmin and other plants in Germany.

Alexander Voigt, Co-Founder and Board Member of HH2E, commented: "Our plans are now closer to materialising as we initially envisioned, thanks to the collaboration with Foresight Group, which has served as a significant catalyst. In March we confirmed the acquisition of 120 MW capacity of electrolysis equipment from the Norwegian manufacturer, Nel, which we can deploy across several HH2E locations. Lubmin, with its abundance of renewable power sources, planned pipeline connections, and the substantial number of green hydrogen supply agreements already signed with offtakers in the area, presents a highly promising location for green hydrogen production. These factors contribute to our optimism regarding an expedited FID process.”

Developments like the HH2E Werk Lubmin are expected to generate several hundred new jobs in the region, taking into account the plant and all other adjacent businesses. The Mayor of Lubmin, Axel Vogt, said: "Our community and the industrial site of Lubminer Heide are breaking new ground in development. I am pleased that an old infrastructure that once housed a nuclear power plant is paving the way for a new generation green energy site.”

The completion of the Final Investment Decision (FID) is expected later this year, with construction expected to be completed by mid 2025. HH2E has reaffirmed its commitment to having 4 GW of capacity in Germany by 2030 and is poised to become one of the largest producers of green hydrogen in Europe.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/10072023/hh2e-and-foresight-group-announce-funding-for-green-hydrogen-production-site-in-germany/