Eternal Power has announced plans for a multi-phase green hydrogen project in northeastern Germany, with an estimated total investment of EUR 800 million (USD 870 million). The company has already signed preliminary offtake contracts valued in the billions of euros for the project.
The initial phase will require an investment of EUR 200 million and will involve the installation of an 80-MW electrolyser capable of producing 8,000 tonnes of hydrogen annually, with operations expected to commence in 2028. The subsequent phase, valued at EUR 600 million, aims to increase production capacity to 400 MW.
Eternal Power has secured its first commitments from customers and has signed contracts for green hydrogen worth EUR 2.3 billion. This includes a term sheet for the first phase with a minimum duration of 10 years, as noted by a company spokesperson.
The project site, located in Dummerstorf, Mecklenburg-Vorpommern, spans approximately five hectares and is strategically positioned just 10 kilometers (6.2 miles) south of Rostock. Robert Meitz, COO and co-founder of Eternal Power, emphasized the location's advantages: “Hardly any other location covers all the important requirements in the immediate vicinity: offshore wind farms, connection to high and extra-high voltage, industrial areas, the hydrogen core grid and, of course, water.”
