Hy2gen Nordic AS, a subsidiary of the global renewable hydrogen producer Hy2gen, has announced that its Albatros renewable hydrogen project has been selected for support under the European Hydrogen Bank (EHB), recognising the project's potential contribution to Europe's energy transition, industrial decarbonisation, and renewable hydrogen economy.
Located in Kassø, Denmark, the project will feature a planned 100 MW electrolyser facility producing RFNBO-certified hydrogen for industrial customers in Germany and the wider European market. Over a ten-year period, Albatros is expected to produce approximately 144 000 t of renewable hydrogen, avoiding an estimated 986 000 t of CO2-equivalent emissions while supporting the decarbonisation of hard-to-abate sectors.
The project was selected through the European Hydrogen Bank's competitive auction process with a bid of €0.97/kg of renewable hydrogen produced. The European Hydrogen Bank supports renewable hydrogen projects by awarding a production-based premium, selected through a competitive auction in which bidders propose the lowest premium per kilogram needed to make their project commercially viable. Albatros secured a premium of €0.97/kg for its first ten years of operation, one of the most competitive bids in the current auction round. The resulting premium will help narrow the cost gap between renewable hydrogen and conventional alternatives, supporting Europe's transition to a low-carbon industrial economy.
Strategically located in one of Denmark's leading renewable energy hubs, Albatros will connect to the Danish-German Hydrogen Backbone, enabling the efficient transport of renewable hydrogen to industrial demand centers in Germany and the broader European hydrogen network. This cross-border infrastructure also serves a broader strategic purpose: by establishing a direct link between Danish renewable energy resources and European industrial demand, Albatros strengthens Europe's energy independence and reduces its dependence on fossil fuel imports — _an objective at the heart of the EU's energy security agenda.
Hege Økland, Managing Director, Hy2gen Nordic AS, said: "Albatros is the right project to address the increasing demand for renewable hydrogen in Germany. With Aabenraa as a modern industrial hub and support from the European Hydrogen Bank, we can deliver renewable hydrogen to industrial customers in Germany at the lowest possible prices, helping them to meet EU mandates for renewable hydrogen. We are proud to invest and work closely with Aabenraa Municipality and to support local growth and development. We look forward to becoming a long-term partner in the Kassø community and contributing to its development as a leading center for green industry."
Cyril Dufau-Sansot, CEO of Hy2gen AG, commented: "As Europe seeks to decarbonise its industrial base and strengthen its energy resilience, projects such as Albatros will play an increasingly significant role. By linking renewable energy resources in Denmark with industrial demand across Europe, Albatros further expands Hy2gen's portfolio and reinforces our commitment to delivering the renewable molecules needed for the energy transition."
Albatros is expected to create up to 500 jobs during construction and approximately 30 - 40 permanent operational positions, while also generating opportunities for local suppliers, contractors, and service providers.
Construction of Albatros is planned to start in 2028, with operations beginning in 2031. In the coming months, Hy2gen will move forward with technical development, permitting, and continue the dialogue with the municipality and local stakeholders.