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German energy company LEAG and green energy firm HH2E AG will set up a green hydrogen economy, focusing on the development of a value chain from production to transport and the use of green hydrogen.
Under a memorandum of understanding, the partners will jointly accelerate the realization of these projects and generate technical and economic synergies.
The projects will be mainly in the federal states of Saxony, Saxony-Anhalt, and Brandenburg.
The collaboration is a new development in LEAG's hydrogen strategy and will assist the energy provider in influencing the structural transformation of the mining region, resulting in jobs for its staff.
By 2030, 7 GW of solar and wind capacity will be installed in the Lusatia mining areas as part of LEAG's GigawattFactory strategy, which aims to make the company one of Germany's leading green power providers. The organization intends to construct additional hydrogen-ready power plants at its locations in Jaenschwalde, Schwarze Pumpe, Boxberg, and Lippendorf to make renewable energy accessible regardless of the weather.
By 2030, the Berlin-based HH2E company wants to construct 4 GW of electrolysis capacity throughout Germany. It is already working on a project to build a green hydrogen production complex with a capacity of over 1 GW in Saxony funded by the UK-based Foresight Group and HydrogenOne Capital Growth Ltd.
