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HH2E and MET plan €1bn German green hydrogen project

6/17/2022

Stuart Penson, Hydrogen Economist reports

Facility on former nuclear power site would scale up to 1GW by 2030, developers say

German green hydrogen developer HH2E and Swiss energy trader MET Group have unveiled a joint proposal to invest c.€1bn (c.$1.03bn) in more than 1GW of electrolyser capacity in the eastern state of Mecklenburg-Vorpommern on Germany’s Baltic coast by 2030.

Phase one of the project would see the deployment of 100MW at a cost €200mn, with construction due to start next year and commissioning set for 2025. Production would be around 6,000t/yr, with output aimed at transport and industrial customers in Germany. Phase two would see the project scaled up to over 1GW, with production of more than 60,000t/yr of hydrogen by 2030.

“The market in Germany shows an extraordinarily high interest in green hydrogen as part of the energy transition and the raw material mix,” says Jorg Selbach-Rontgen, CEO of MET Germany. “The development of the project will depend heavily on the demand from industry and the energy sector in Germany, which we want to ensure through reliable and long-term supply relationships.”

Neither company commented on possible timelines for making FIDs.

The project would be powered by local offshore and onshore wind and solar contracted under long-term power-purchase agreements. The complex would also include a high-capacity battery connected to a 50MW alkaline electrolyser, allowing hydrogen production to continue at times of reduced renewable generation.

The project would be located in the coastal town of Lubmin on a site that previously housed the former East Germany’s largest nuclear power plant. Lubmin is also the entry point to Germany of the Nord Stream gas pipeline from Russia.

HH2E recently secured investment from London-listed hydrogen investment trust HydrogenOne Capital Growth and London-based investment firm Foresight Group.