German energy company LEAG and green energy firm HH2E AG will work together to set up a green hydrogen economy with a focus on the federal states of Saxony, Saxony-Anhalt and Brandenburg.
The two companies have signed a memorandum of understanding (MoU) that builds on the projects planned by both companies in different value-added stages and areas.
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The partners are seeking to jointly accelerate the realisation of these projects and to generate technical and economic synergies. The projects will focus on the development of a value chain from production to transport and the use of green hydrogen.
The partnership is a further step in LEAG's hydrogen strategy and will help the energy company to shape the structural transformation of the mining region, creating jobs for its employees, LEAG's board member Philipp Nellessen commented after the signing of the MoU.
LEAG aims to become one of the largest green power producers in Germany with its GigawattFactory strategy which envisages the deployment of 7 GW of solar and wind capacity in the Lusatia mining areas by 2030. In order to make renewable power available under any weather conditions, the company is planning to build new hydrogen-ready power plants at its sites in Jaenschwalde, Schwarze Pumpe, Boxberg and Lippendorf.
Berlin-based HH2E plans to install 4 GW of electrolysis capacity across Germany by 2030. It is already involved in a project with funds managed by UK-based Foresight Group and HydrogenOne Capital Growth plc (LON:HGEN) for the construction of a green hydrogen production complex of over 1 GW in Saxony.