German, Danish companies ink green hydrogen offtake pact
Thirty-two stakeholders, including Danish producers and suppliers of green hydrogen as well as German offtakers, have jointly signed an Offtake Declaration, highlighting the pressing demand for advancing hydrogen offtake and infrastructure to support the growth of the emerging industry.
The declaration was signed during the German-Danish Green Hydrogen Summit in Copenhagen hosted by Dansk Industri.
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Recognising the potential for green hydrogen production in Denmark and demand in Germany, the companies are calling on the two governments to accelerate the planned hydrogen infrastructure and establish a link between the supply and demand in the two nations by 2028. To ensure the deployment of the announced hydrogen infrastructure capacity between Germany and Denmark by 2028, the final investment decision for the cross-border infrastructure must be made by mid-2024, the declaration reads.
The current industrial hydrogen demand in Germany is the highest among European nations, reaching 55 TWh annually, with a substantial projected increase in the long term towards 2050. To meet it, Germany anticipates to need 45 TWh- 90 TWh of hydrogen imports by 2030. Simultaneously, Denmark’s export potential for Germany alone is projected to be 16 TWh in 2030, equivalent to around 4.5 GW of electrolysis capacity.
The industry is also advocating for a well-defined roadmap with enhanced EU and national funding to address the price disparity in the developing market of green hydrogen.
Additionally, the industry needs support for the deployment of the necessary electrolyser capacity and the establishment of a stable and reliable value chain.
Some of the signatories of the declaration are the German-Danish Chamber of Commerce, RWE, Vattenfall, Uniper, European Energy, Everfuel, Thyssenkrupp, Plug Power, TotalEnergies, Ørsted, Topsoe, Copenhagen Infrastructure Partners, BASF, Aurubis, Airbus and others.
