Project Anker is strategically located near Wilhelmshaven, an important energy and industrial hub, and near the future German hydrogen core network. It is scheduled to have an electrolysis capacity of 400 MW with plans to expand capacity to 800 MW at a later stage.
The project is expected to produce 80,000 tons of green hydrogen annually which will benefit key German industries, including steel and chemicals, as well as the transport sector. The project will bolster the regional economy in Lower Saxony by creating new jobs, growth and fostering active community engagement.
Project Anker will be powered by renewable energy from the grid, supported by offshore and onshore wind, as well as solar energy. By substituting fossil fuels with green hydrogen, the project can reduce CO₂ emissions by up to 2.4 million tons annually, equivalent to the emissions of approximately 340,000 households.
“Project Anker has the potential to make an important contribution to Germany’s journey towards a carbon-neutral future” said Felix Pahl, Partner at CIP. “At CIP, we continue to see a large potential in green hydrogen despite slower than expected market development and we remain committed to investments in large-scale renewable infrastructure solutions to decarbonise energy-intensive industries. We look very much forward to bring the project to realisation together with our new partners at Friesen Elektra and to a constructive collaboration with the German authorities.”
CIP’s Energy Transition Fund I (CI ETF I) is the largest dedicated greenfield green hydrogen fund worldwide. CI ETF I has built a market leading portfolio of Power-to-X projects, with around 6.5 GW of electrolyser capacity in its development portfolio globally.
“We are delighted to welcome CIP and its highly skilled, experienced team as a strategic investor and development partner in our Hydrogen Park Friesland” said Christian Gätje, CFO of Friesen Elektra. “This collaboration is a major step towards creating one of Germany’s premier hydrogen production sites. Together, we aim to accelerate the energy transition and advance decarbonization by leveraging our combined strengths and expertise.”
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