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Everfuel A/S, a leading European green hydrogen energy company, and Hy24, managing the world’s largest clean hydrogen infrastructure fund, are pleased to announce the creation of a joint venture (JV) to finance the accelerated development of electrolyser capacity across the Nordics. Everfuel will own 51% of the JV and the Hy24-managed Clean H2 Infra Fund will own 49%.

The JV’s first investment is to acquire the HySynergy Phase 1 20 MW green hydrogen production plant in Fredericia, Denmark. This electrolyser is expected to commence commercial operations in the second quarter of 2023 and will contribute to significant decarbonization of industrial processes at the adjacent Crossbridge Energy Refinery. HySynergy will also offer a competitive supply of green hydrogen as zero-emission fuel for clean mobility.

Hy24’s ambition is to unlock strategic and large-scale projects under development to accelerate the scale-up of hydrogen markets in Europe, in the Americas and Asia Pacific regions. Hy24 is investing through its EUR 2 billion impact fund ‘Clean H2 Infra Fund’ which was closed in October 2022.

The hydrogen plants owned and operated by the JV will support the ambitious Danish hydrogen roadmap. The country is planning to develop 4 to 6 GW of electrolyser production capacity by 2030 leveraging Denmark’s exceptional wind resources. Everfuel’s current project portfolio in Denmark includes more than 1.3 GW of electrolyser capacity.

Beeld: Everfuel bus fuelling station in Heinenoord, The Netherlands.