European Energy has been awarded funding of up to €228m ($265.85m) under the German Government’s hydrogen auction framework linked to the European Hydrogen Bank (EHB).

The company’s project is one of three selected to receive support through the scheme. The financial backing will contribute to building 150MW of additional hydrogen production capacity in Denmark.

European Energy executive vice-president and PTX head Alcaraz Frederiksen Rene Alcaraz Frederiksen said: “We are very pleased with this support awarded by the German Government. The support enables further expansion of hydrogen production connected to Kassø and contributes to strengthening Europe’s renewable fuels infrastructure.”