The European Commission has selected Deutsche ReGas’s project to produce green hydrogen at its large-scale electrolysis plant in Lubmin with funding of around €112 million. This makes Deutsche ReGas the first German company to be selected for the European Hydrogen Bank auction. A total of 15 projects from five different countries that will produce hydrogen from renewable energy sources were awarded. The total funding for the second European Hydrogen Bank auction is €992 million, or nearly €1 billion.
Overall, hydrogen production at Deutsche ReGas’s Lubmin H2 hub will avoid emissions of 1,628,000 tons of CO2 within ten years. Deutsche ReGas can thus make a significant contribution to decarbonization and a sustainable German industry.
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Press release (translated from German by Google)https://tinyurl.com/4fp8kfs5
