IPCEI status enables public financing of the second phase of the HySynergy plant, developed with Crossbridge Energy Fredericia as a partner.
- The European Commission's approval of HySynergy 2.0 is essential to commercializing green hydrogen and the decarbonization of industry and transport in the EU. We are delighted with the recognition of the project and the opportunities that come with IPCEI status. It is a testament to the maturity of the HySynergy PtX project and the scale of the impact it will have. IPCEI funding will also be an important milestone as we approach the final investment decision, says Jacob Krogsgaard, CEO of Everfuel, in a press release.
The first phase of the HySynergy project is a 20 MW electrolysis plant in Fredericia, which is expected to produce the first hydrogen at the end of the year. HySynergy 2.0, which has now received IPCEI status, will expand the existing plant with 300 MW of electrolysis capacity. Phase II of the project will consist of three sections of 100 MW each. The public funding that follows the IPCEI status will pave the way for the first 100 MW in the second phase.
The HySynergy project aims to produce large quantities of green hydrogen to be used in industrial processes by the adjacent Crossbridge Energy refinery and other partners, as well as for mobility purposes at Everfuel stations.
- HySynergy phase II is a huge milestone and the key to a new and greener future for energy production in Denmark. Hydrogen opens the door, and HySynergy 2.0 accelerates this process, says Finn Schousboe, CEO of Crossbridge Energy A/S.
In 2025, when the 300 MW electrolysis plant is established, HySynergy will facilitate an annual reduction of up to 500,000 tonnes of CO2 emissions from the mobility sector and industry, which corresponds to 11 percent of the total CO2 emissions from the Danish land-based transport sector.
Last year, the HySynergy project was nominated by the Danish government as one of two Danish power-to-X projects eligible for public support if they were given IPCEI status by the Commission.
The second project is Green Fuels for Denmark, represented by Ørsted.
Both projects have now been considered important projects of pan-European interest that contribute to job creation and sustainable economic growth in the EU.
The government has allocated a total of DKK 850 million. DKK for the two nominated projects.
Article translated from Energy Supply