KGAL Invests in Major Green Hydrogen Project in Lubmin, Germany
Key Ideas
- KGAL has invested in a green hydrogen project in Lubmin with up to 1,050MW of electrolyser capacity.
- Developers GP Joule and PtX Development plan to start with 210MW in phase one and scale up to over 1GW later.
- Lubmin is attracting multiple large-scale green hydrogen projects due to its existing energy infrastructure and planned hydrogen pipelines.
- This project reflects a growing interest in green hydrogen production in Germany.
German asset manager KGAL has made an undisclosed investment in a green hydrogen project in Lubmin, Germany. The project, led by developers GP Joule and PtX Development, aims to have a capacity of up to 1,050MW of electrolyser. The initial phase will see the installation of 210MW, with plans to expand beyond 1GW in the future. Lubmin has become a hotspot for green hydrogen developments, with several companies capitalizing on the region's energy infrastructure and upcoming hydrogen pipeline network. This initiative signifies the increasing focus on green hydrogen production in Germany, showcasing a positive trend towards sustainable energy solutions.