en.Wedoany.com Reported - Hy2gen Nordic AS, a subsidiary of global renewable hydrogen producer Hy2gen AG (Wiesbaden, Germany; www.hy2gen.com), recently announced that its Albatros renewable hydrogen project has been selected for support under the European Hydrogen Bank (EHB) program. The EHB is an EU financing instrument for the hydrogen value chain. Hy2gen stated that this recognition reflects the project's potential contribution to Europe's energy transition, industrial decarbonization, and the renewable hydrogen economy.
The Albatros project, located in Kassø, Denmark, plans to build a 100 MW electrolyzer facility to produce RFNBO-certified hydrogen for industrial customers in Germany and the broader European market. Over a ten-year operational period, the project is expected to produce approximately 144,000 tonnes of renewable hydrogen, avoiding around 986,000 tonnes of CO2 equivalent emissions, thereby supporting decarbonization targets in hard-to-abate sectors. The project was selected through the European Hydrogen Bank's competitive auction process, with a bid price of €0.97 per kilogram of renewable hydrogen. The European Hydrogen Bank supports renewable hydrogen projects through a production-based premium, determined via competitive auctions where bidders propose the minimum premium per kilogram needed to make their projects commercially viable. Albatros secured a premium of €0.97 per kilogram for the first ten years of operation, one of the most competitive bids in this auction round. This premium helps bridge the cost gap between renewable hydrogen and conventional alternatives, driving Europe's transition to a low-carbon industrial economy.
Strategically located in one of Denmark's leading renewable energy hubs, Albatros will connect to the Danish-German hydrogen backbone, enabling efficient transport of renewable hydrogen to industrial demand centers in Germany and the wider European hydrogen network. This cross-border infrastructure also holds strategic significance: by establishing a direct link between Denmark's renewable energy resources and Europe's industrial demand, Albatros helps enhance European energy independence and reduce reliance on fossil fuel imports, aligning with core objectives of the EU's energy security agenda.
Hege Økland, Managing Director of Hy2gen Nordic AS, stated that Albatros is the right project to meet Germany's growing demand for renewable hydrogen. Leveraging Aabenraa's status as a modern industrial hub and support from the European Hydrogen Bank, the company can supply renewable hydrogen to German industrial customers at the lowest possible price, helping them meet EU requirements for renewable hydrogen. Cyril Dufau-Sansot, CEO of Hy2gen AG, noted that as Europe seeks industrial decarbonization and enhanced energy resilience, projects like Albatros will play an increasingly important role. By connecting Danish renewable energy resources with industrial demand across Europe, the project further expands Hy2gen's portfolio and strengthens its commitment to delivering the renewable molecules needed for the energy transition.
Albatros is expected to create up to 500 jobs during construction, along with approximately 30 to 40 permanent operational positions, while also generating opportunities for local suppliers, contractors, and service providers. The project is scheduled to begin construction in 2028 and become operational in 2031. In the coming months, Hy2gen will advance technical development, permitting, and continue dialogue with the municipality and local stakeholders.
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