Planned to be used to develop the second phase of its HySynergy project in Frederica, Denmark, Everfuel plans to establish a 300MW electrolyser and Power-to-X plant facility adjacent to a refinery.

Read more: Everfuel plans to develop 300MW HySynergy Phase II electrolyser

Set to be jointly developed with Crossbridge Energy Frederica, the facility will produce green hydrogen which is expected to be used to decarbonise industrial processes and transportation in the region.

In the first phase of the project, Everfuel has said it will install 20MW of electrolysis capacity, with phase two expanding capacity in three sections of 100MW each. H2 View understands the IPCEI funding is expected to be used to build the first 100MW section of the second phase.

With the full 300MW facility planned to be established by 2025, Everfuel says HySynergy will facilitate and annual reduction of up to 500,000 tonnes of carbon emissions from the mobility sector and industry.

The HySynergy project was awarded IPCEI status in September (2022), following the European Commission’s approval of the IPCEI Hy2Use programme, which made up to €5.2bn of public support available for 35 projects in 13 EU member states.

Read more: Everfuel’s 300MW HySynergy project receives IPCEI status

“This is a major milestone as we progress phase two of HySynergy towards final investment decision and a confirmation of the PtX project’s scale and significant contribution to decarbonisation of industry and transport in Denmark,” said Jacob Krogsgaard, CEO of Everfuel.

Krogsgaard added, “We are very pleased with the support provided by the Danish Government, the EU and our partners in the HySynergy project which will help accelerate commercialisation of green hydrogen.”