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With the founding of Hydrogen Höfe Freienbach AG, Switzerland's largest green hydrogen production facility is created

6/15/2023

Alpiq, SOCAR Energy Switzerland, CIME Capital and EW Höfe are jointly founding Hydrogen Höfe Freienbach AG to build the hydrogen production plant in Freienbach (SZ). With a production of up to 1200 tonnes in the final stage, this will be the largest green hydrogen plant in Switzerland. This means that emissions of around 14,000 tonnes of CO2 per year can be avoided.

EW Höfe, SOCAR Energy Switzerland, CIME Capital and Alpiq have taken the next milestone towards the construction of Switzerland's largest green hydrogen production plant by founding the company Hydrogen Höfe Freienbach AG. The four partners, who each hold a quarter of the share capital, bring with them the relevant know-how to build Switzerland's largest green hydrogen production plant with a capacity of up to 10 MW in Freienbach (SZ): SOCAR has a high-quality, extensive filling station network, EW Höfe, as the largest cross-affiliated company in the region, guarantees above-average security of supply, Alpiq as an energy company has several years of experience with green hydrogen and, new with CIME Capital, an investor is on board that invests specifically in long-term, renewable energy projects. “Hydrogen Höfe Freienbach AG fits perfectly into our portfolio by promoting renewable energies. This is because our investment strategies are aimed at investments that make a significant contribution to the Sustainable Development Goals (SDGs),” says Andreas Mattig, Chairman of the Board of Directors of CIME Capital.

Next steps: Procurement of the main components and information events
For the construction and subsequent operation of the production plant, the next step for the project partners is the procurement of the two main technical components, the electrolysis facility and the compressor. The selection process for these components will significantly determine the further timetable for the implementation of the plant. Information events for the public are also planned for autumn 2023 to provide more detailed answers to questions about the project and energy production from hydrogen.