Norway's Equinor ASA is in advanced discussions to become a key investor in HH2E AG, a German hydrogen startup, as part of its strategy to broaden its energy production portfolio. HH2E is working on a hydrogen project at the Baltic port of Lubmin, aligning with Germany's efforts to adopt hydrogen technology and reduce carbon emissions. Equinor, being Europe's largest natural gas supplier, is expected to finalize the funding decision by July, potentially injecting significant financial support into the €1 billion facility. This move is crucial for HH2E to establish a new ownership structure and attract more investors as it progresses towards its development phases. Notably, the hydrogen market is still developing globally, with a small fraction of proposed projects receiving financial backing. Germany's ambitious goal to produce 10 gigawatts of hydrogen by 2030, in line with its climate-neutral targets, highlights the significance of such investments. Equinor's involvement could pave the way for a more viable and sustainable hydrogen production landscape in the region, further accelerating the transition to green energy.