- Trio reveals their plan to construct over 1 GW green hydrogen production facility in Saxony, eastern Germany.
- The companies will collaborate on installing a 100 MW plant with an initial output capacity of about 6,000 tonnes.
UK-based Foresight Group, alongside partners HH2E AG and HydrogenOne Capital Growth plc, managed Funds have revealed their plan to construct over 1 GW green hydrogen production facility in Saxony, eastern Germany.
The three companies will collaborate on installing a 100 MW plant with an initial output capacity of about 6,000 tonnes. The facility is to be located in Borna, Leipzig district and will have the capacity to produce 60,000 tonnes of green hydrogen when the total proposed capacity is attained.
The green hydrogen produced from the facility will be supplied to the mobility sector, large-scale energy and industrial consumers in the chemical industry and commercial air and road transport sectors.
HH2E is the original developer and technology provider of the Theirbach project. The company, based in Germany, is also responsible for plant operations through its newly formed HH2E Werk Theirbach GmbH.
In a separate statement, JLEN Environmental Assets Group Ltd said it is buying a 33% stake in Foresight Hydrogen Holdco GmbH, a company that owns 7.6% of HH2E and holds a 75% interest in the vehicle behind the Thierbach project. Foresight Energy Infrastructure Partners, another fund managed by Foresight Group, is also taking a 33% stake in the specific holdco.
HydrogenOne and Foresight Group agreed to acquire minority stakes in HH2E for at least EUR 12 million (USD 13.1m) in May 2022.