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.

This project is the third large-scale development announced in Lubmin, as a growing crowd of companies seek to leverage access to existing energy infrastructure and planned hydrogen pipelines.