Germany – JLEN Environmental Assets Group has announced its investment of up to €9.2 million in a green hydrogen production site in Lubmin, Germany.
The project, in partnership with a consortium including Foresight managed funds and development partner HH2E, aims to produce over 6,000 tonnes of green hydrogen per year during the first phase. With subsequent expansions, the site has the potential to exceed 1 GW capacity and produce over 60,000 tonnes of green hydrogen annually. This investment underscores the significance of green hydrogen in decarbonizing industries and contributing to a sustainable future. In this article, we explore the goals, technology, and potential impact of the green hydrogen project in Lubmin.
Unlocking green hydrogen value
The primary goal of the green hydrogen production site in Lubmin is to leverage renewable energy sources and electrolysis technology to produce green hydrogen. By using electrolysis, water is split into hydrogen and oxygen using electricity generated from renewable sources such as wind or solar power. Green hydrogen is a versatile and sustainable fuel that can help decarbonize various sectors, including heavy transport, industry, and hard-to-abate sectors of the economy. The investment aims to unlock the value of green hydrogen and promote its use as a clean energy alternative.
By replacing fossil fuels with green hydrogen, emissions can be significantly reduced, contributing to global efforts to combat climate change. Additionally, the project’s expansion plans and large-scale production capacity can support the growing demand for green hydrogen and accelerate its adoption in various industries. The project’s use of renewable energy and electrolysis technology aligns with global sustainability goals and can contribute to reducing carbon emissions in various sectors.
