German asset manager KGAL has invested an undisclosed amount into a proposed green hydrogen project with up to 1,050MW of electrolyser capacity in the municipality of Lubmin, on Germany’s northeastern coast.
The plant’s developers, GP Joule and PtX Development — the latter of which has already secured a site — plan to initially install 210MW of electrolysers in the first phase, although a timeline for scale-up to more than 1GW of capacity has not been disclosed.