Another green hydrogen project in Germany
Eternal Power announced this week the launch of a multi-phase green hydrogen project in northeastern Germany. The total investment will amount to 800 million euros (870 million USD).
Details of the investment in Dummerstorf
The new initiative by Eternal Power will be located in Dummerstorf, in the state of Mecklenburg-Vorpommern, approximately 10 kilometers south of Rostock. The company has already secured usage rights for around five hectares of land, where the infrastructure for hydrogen production will be built.
The project is divided into two phases. In the first phase, planned for 2028, Eternal Power will invest 200 million euros in the installation of an 80 MW electrolyzer capable of producing 8,000 tons of hydrogen per year. The second phase, valued at 600 million euros, will increase the capacity to 400 MW, significantly boosting production capabilities.
The company has already secured initial customer commitments and signed contracts for the sale of green hydrogen worth 2.3 billion euros, covering both phases of the project. A term sheet for at least 10 years has also been agreed upon for the first phase.
“Few locations meet all the key requirements in such close proximity: offshore wind farms, connections to high and very high-voltage networks, industrial land, a hydrogen network hub, and of course, access to water,” emphasized Robert Meitz, COO and co-founder of Eternal Power.
Green hydrogen: the future of energy transition
The Eternal Power project aligns with Germany’s energy transition goals, aiming for the decarbonization of industry and strengthening the renewable energy sector.
The company stresses that the development of green hydrogen technology will be a crucial component in the transition to a carbon-neutral economy, contributing to increasing the country’s energy independence and reducing greenhouse gas emissions. Eternal Power hopes that their new investment will become one of the most important hydrogen projects in the region and help shape the future of clean energy in Europe.
Source: fuelcellsworks.com