Dubbed the Thierbach project, located in the Borna region, HH2E plan to initially build 100MW of capacity by 2025, with intentions of scaling the site to over 1GW by 2030.
H2 View understands the plant will be built and operated by HH2E under a newly formed company, HH2E Werk Thierbach GmbH, and will serve customers across the energy, transportation, and industrial sectors in Germany.
Expected to produce around 6,000 tones of green hydrogen per year initially, further expansion phases could see the plant boasting production capacity of more than 60,000 tonnes per annum.
HH2E will be joined by Foresight Group, and HydrogenOne Capital which have both made investments in the project. HH2E has said with their backing it will now progress with procuring long-lead equipment, ahead of making a final investment decision (FID) later this year (2023).
The project is expected to attempt to combat the intermittency of renewable energy production by combining alkaline electrolysers with high-capacity batteries, which HH2E says enables constant production of cost-competitive green hydrogen without a permanent power supply.
Earlier this month (January 6), Nel announced it was set to supply HH2E with up to 120MW of electrolyser capacity.
Read more: Nel looks to supply 120MW of electrolysers to German-based HH2E
Andreas Schierenbeck, co-founder and Board Member of HH2E, said, “Domestic green hydrogen production is crucial to secure a key role for Germany in the future global green energy sector, a sector that is receiving major support from governments in all the world’s major economies. German industries will more easily be able to remain competitive if they are not totally dependent on energy imports.”
London-listed HydrogenOne’s £2.4m investment comes as its first direct project investment. In May 2022, it backed HH2E with €12m ($14.8m) to support the company in scaling its projects.
Read more: HH2E raises funds to support hydrogen pipeline in Germany worth €500m
“We are pleased to start 2023 with our tenth investment, and first investment in a clean hydrogen project,” said Simon Hogan, Chairman of HydrogenOne. “We look forward to working with our consortium partners to bring the Thierbach project into production. We expect this to be the first of a number of hydrogen supply projects, where the company has exclusivity on multiple opportunities in several countries.”
Joe Davis, Associate Director at Foresight Group, added, “Foresight has long recognised the important role green hydrogen can play in the energy transition enabling hard-to-abate industries and heavy transport to benefit from renewable energy. Harnessing battery storage technology for hydrogen production demonstrates how forward thinking the HH2E team are.”
HH2E is also planning to build green hydrogen production capacity at a site in Lubmin/Mecklenburg-West Pomerania, Germany, which it hopes will have also have capacity to produce 6,000 tonnes of green hydrogen per year by 2025, with hopes of expanding the site to 1GW by 2030.
Alexander Voigt, co-founder and Board Member of HH2E, commented, “In addition to Borna and Lubmin, we have also identified 15 other ideal locations for green hydrogen project in Germany. Our growth potential is impressive, and we look forward to further exploring it together with our investors and partners.”
A Successful Ecosystem for Green Hydrogen – London
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