Denmark-headquartered Copenhagen Infrastructure Companions (CIP), by way of its Power Transition Fund (CI ETF I), and Friesen Elektra Inexperienced Power AG have initiated undertaking Anker, a inexperienced hydrogen manufacturing facility in Sande, Germany. The undertaking is scheduled to have an electrolysis capability of 400 MW with plans to broaden capability to 800 MW at a later stage.
Challenge Anker is situated close to Wilhelmshaven, an essential power and industrial hub, and close to the longer term German hydrogen core community. CIP on Jan. 15 stated the undertaking is anticipated to supply 80,000 tons of inexperienced hydrogen yearly that can profit key German industries, together with metal and chemical compounds, in addition to the transport sector. The undertaking will bolster the regional economic system in Decrease Saxony by creating new jobs, development and fostering energetic neighborhood engagement.
Challenge Anker might be powered by renewable power from the grid, supported by offshore and onshore wind, in addition to photo voltaic power. By substituting fossil fuels with inexperienced hydrogen, the undertaking can cut back CO₂ emissions by as much as 2.4 million tons yearly, equal to the emissions of roughly 340,000 households.
“Challenge Anker has the potential to make an essential contribution to Germany’s journey in direction of a carbon-neutral future. At CIP, we proceed to see a big potential in inexperienced hydrogen regardless of slower than anticipated market growth and we stay dedicated to investments in large-scale renewable infrastructure options to decarbonize energy-intensive industries. We glance very a lot ahead to deliver the undertaking to realization along with our new companions at Friesen Elektra and to a constructive collaboration with the German authorities.” stated Felix Pahl, companion at CIP.
“We’re delighted to welcome CIP and its extremely expert, skilled crew as a strategic investor and growth companion in our Hydrogen Park Friesland. This collaboration is a significant step in direction of creating one in every of Germany’s premier hydrogen manufacturing websites. Collectively, we goal to speed up the power transition and advance decarbonization by leveraging our mixed strengths and experience,” stated Christian Gätje, CFO of Friesen Elektra.
CIP’s Power Transition Fund I (CI ETF I) is the most important devoted greenfield inexperienced hydrogen fund worldwide. CI ETF I has constructed a market main portfolio of Energy-to-X tasks, with about 6.5 GW of electrolyser capability in its growth portfolio globally.
—POWER edited this content material, which was contributed by Copenhagen Infrastructure Companions.
