The first of the HySynergy project is a 20MW electrolyser facility in Fredericia, Denmark which is expected to begin producing hydrogen later this year (2022). In its second phase, Everfuel will extend the existing facility to 300MW capacity.
H2 View understands, phase two, now granted IPCEI status will consist of three sections, each holding 100MW each. Everfuel says the public funding from the IPCEI is ‘connected’ to building the first 100MW of the second phase.
Shortlisted by the Danish Government as one of two Power-to-X (PtX) projects eligible for public funding if IPCEI status was granted by the Commission, Everfuel says the Government has now allocated a total of DKK 850m ($112.9m) of funding for the two projects.
The project aims to produce large quantities of green hydrogen to be used in industrial processes at the adjacent Crossbridge Energy refinery, as well as other partners for mobility purposes.
Announced by the European Commission on Wednesday (September 21), the IPCEI project will see up to €5.2bn of public support made available to 35 projects by companies operating in 13 EU member states. It is hoped the funding could unlock an additional €7bn of private investment.
Jacob Krogsgaard, CEO of Everfuel, said, “The European Commission’s approval of HySynergy 2.0 is a key contribution to the commercialisation of green hydrogen and decarbonising of industry and transport in the EU.
“We are very pleased with the recognition of the project and the opportunities that comes with the IPCEI status. It is a testimony to the maturity of the HySynergy PtX project and the scale of impact it will have. IPCEI funding will also be a major milestone as we progress towards final investment decision.”
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