The European Commission granted IPCEI status to the HySynergy 2.0 project led by Everfuel A/S. The IPCEI status enables public funding of the second phase of the HySynergy facility, which is developed with Crossbridge Energy Fredericia as a partner. HySynergy 2.0 will produce green H2 used to decarbonize industrial processes and transportation.
The project was last year shortlisted by the Danish government as one of two Danish power-to-X projects eligible for public funding if they received IPCEI status by the Commission. Both projects have now received Important Projects of Common European Interest (IPCEI) status as projects that contribute to job creation and sustainable economic growth in the EU. The Danish government has allocated a total of $111 MM of funding for the two shortlisted projects.
“The European Commission’s approval of HySynergy 2.0 is a key contribution to the commercialization of green hydrogen and decarbonizing of industry and transport in the EU. We are very pleased with the recognition of the project and the opportunities that comes with the IPCEI status. It is a testimony to the maturity of the HySynergy PtX project and the scale of impact it will have. IPCEI funding will also be a major milestone as we progress towards final investment decision,” said Jacob Krogsgaard, the CEO of Everfuel.
The commission approved up to €5.2 B of public support by thirteen Member States as part of this second IPCEI round to support research and innovation, first industrial deployment and construction of relevant infrastructure in the hydrogen value chain. IPCEI Hy2Use, includes 29 companies with activities in one or more member states participating in 35 projects. The public funding is expected to unlock additional €7 B in private investments. Further information amount of aid to individual participants will be made available in due course.
The first phase of the HySynergy project is a 20-MW electrolyzer facility in Fredericia, Denmark, which is expected to produce the first H2 late this year. HySynergy 2.0, which has now been granted IPCEI status, will extend the existing facility with 300-MW electrolyzer capacity. Phase II of the project will consist of three sections of 100 MW each. The public funding that follows the IPCEI status is connected to building the first 100 MW of the second phase.
The HySynergy project aims at producing large quantities of green H2 to be used in industry processes by the adjacent Crossbridge Energy refinery and other partners as well as for mobility purposes at Everfuel stations.
“HySynergy Phase II is a giant milestone and key to the new and greener future for energy production in Denmark. Hydrogen opens the door and HySynergy Phase II accelerate this process,” said Finn Schousboe, the CEO Crossbridge Energy A/S.
By 2025, when the 300 MW electrolyzer facility is established, HySynergy will facilitate an annual reduction of up to 500,000 tons of carbon emissions from the mobility sector and the industry, which corresponds to 11% of the total carbon emissions from the Danish land-based transport sector.