HH2E, LEAG collaborate on developing Green Hydrogen in Germany
German energy firms HH2E and LEAG have announced their intent to work on developing green hydrogen economy in the country.
LEAG aims to be one of Germany's leading green power producers by 2030 with the 'GigawattFactory', which consists of PV and wind power plants with a total capacity of seven gigawatts.
The company is also planning to construct new H2-ready power plants at its power plant sites in Jänschwalde, Schwarze Pumpe, Boxberg, and Lippendorf, to ensure the reliable and weather-independent availability of renewable electricity.
"We are delighted to explore cooperation opportunities with HH2E, as it is another step forward in our hydrogen strategy and will enable us to drive the structural change in our coalfields and secure future-proof jobs for our employees," said Dr Philipp Nellessen, LEAG's Board Member for Production, after signing the letter of intent.
It is to be noted that HH2E is a new green energy company in Germany established to bring about immediate change in the country's clean energy pursuit. It aims to install 4 GW of electrolysis capacity in Germany by 2030.
"Access to green energy is now a key factor in companies' and businesses' location decisions. The production of green hydrogen can act as an economic catalyst in any region, drawing in numerous industries and businesses. At HH2E, we are thrilled about the agreement with LEAG, as joint project development hastens the energy transition and maximises economic growth simultaneously," says Andreas Schierenbeck, co-founder and board member of HH2E AG.
HH2E's technology mix can turn a fluctuating input of solar or wind energy into a constant supply of green hydrogen, heat, and carbon-free electricity at competitive prices to serve local industries and communities, according to the company.
The company claims to be well on track to becoming a green utility of the future. Last month, HH2E announced its second major green hydrogen production project in Germany. It has also declared Nel as the electrolyzer supplier for its plants, which are among the 'largest' green hydrogen production facilities in Europe.