Copenhagen Infrastructure Partners (CIP) and Friesen Elektra Green Energy AG have joined forces to initiate Project Anker, a significant green hydrogen production facility located in Sande, Lower Saxony, Germany. The project, starting with a 400 MW electrolysis capacity, aims to double this to 800 MW in the future, producing up to 80,000 tonnes of green hydrogen annually. This endeavor is poised to play a crucial role in reducing CO2 emissions by 2.4 million tonnes per year, equivalent to the emissions from 340,000 households. Powered by renewable energy sources like wind and solar, Project Anker will support industries such as steel and chemicals, as well as transport, by replacing fossil fuels with green hydrogen. The strategic positioning near Wilhelmshaven and Germany's planned hydrogen core network enhances its potential to drive the transition towards sustainable practices. Felix Pahl, Partner at CIP, highlighted the project's significance in Germany's journey towards achieving a carbon-neutral future and reiterated the commitment to investing in large-scale renewable infrastructure solutions. Apart from its environmental benefits, Project Anker is anticipated to stimulate the local economy in Lower Saxony, creating employment opportunities and fostering community development. The project receives support from CIP's Energy Transition Fund I, the largest greenfield green hydrogen fund globally, overseeing a significant portfolio of Power-to-X projects worldwide. Germany's ambitious targets for green hydrogen, including the goal of 10 gigawatts of electrolysis capacity by 2030, align with its broader strategy to attain climate neutrality by 2045. Other projects like the GET H2 Nukleus project in Lingen, Lower Saxony, further contribute to these goals by developing electrolysis capacity to supply green hydrogen to industrial consumers.