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Press Release
PtX Development and KGAL sign contract for large-scale hydrogen project in Germany
PtX Development, an initiator and site developer for the production of green hydrogen, and KGAL, an independent investment and asset manager, have signed a financing agreement for the construction of one of Germany’s largest hydrogen production plants at the Hydrogen-Hub in Lubmin, Mecklenburg-Western Pomerania.
The hydrogen plant is a large-scale electrolysis plant with an electrolysis capacity of more than one gigawatt (1,050 megawatts) and an annual hydrogen production of around 100,000 tonnes. The first construction phase will realise an output of 210 MW.
(Download: Press release PtX-Development KGAL H2-Investment Germany , 24.9.2024)
Policy Paper
New policy paper released by the German Hydrogen Association
The German Hydrogen Association (DWV) recently presented the “HyGuide 2030”, a comprehensive policy guideline outlining Germany’s transformation into the leading hydrogen market economy by 2030. The HyGuide lists 85 concrete measures, developed in collaboration with the association’s members, to strengthen Germany’s industrial and technological leadership while achieving the 2045 climate neutrality targets.
(Further information: dwv-info.de/hyguide, 29.4.2024)
Analysis
Covering around a quarter of total energy consumption with hydrogen by 2050
Researchers at the Potsdam Institute for Climate Impact Research (PIK) have examined the role of electrification and hydrogen in modeled scenarios for the future transformation of the EU’s energy supply. Their study shows: A share of 42 to 60 percent of total energy consumption from electricity and 9 to 26 percent from hydrogen-based energy is required by 2050.
(Source: www.pik-potsdam.de, 16.2.2024)
Press Contact
ptx development GmbH
presse@ptx-development.de
Tim-Ake Pentz
HOSCHKE & Consorten Public Relations GmbH
Mobil +49 151 1941 1935
t.pentz@hoschke.de
Alter Wall 34-36
20457 Hamburg