Everfuel locks in €245M German grant for Danish hydrogen megaproject
What's the deal? EverfuelDealroom has a profile for this one. Try Dealroom → has signed a €245 million grant agreement with the German government to support its Project Frigg green hydrogen facility in Denmark. Signed on October 30 under the European Hydrogen Bank's Auctions-as-a-Service scheme, the grant pays €0.98 per kg of renewable fuel of non-biological origin (RFNBO) hydrogen produced.
What's the endgame? Frigg, located at Revsing Energy Park in Vejen, is designed to scale to 2 GW of electrolyser capacity and supply hydrogen to German industry. Everfuel has also reserved Danish and German pipeline capacity equal to 400 MW of electrolysis for the project's first phases.
Why now? Germany projects RFNBO demand will outstrip planned domestic supply by a factor of two or more, and Denmark's competitive DK1 power zone is expected to exceed a 90% renewable share in 2026. "Denmark is likely the only significant competitive RFNBO import corridor into Germany by 2031," said chief executive officer and founder Jacob Krogsgaard.
By the numbers: Frigg is one of three Danish projects selected for roughly €1.01 billion in German support, alongside European EnergyDealroom has a profile for this one. Try Dealroom →'s Heimdal and CIP's HØST, with deliveries intended for Germany from 2031.
What could go wrong? The agreement moves Frigg closer to a final investment decision but is not the same as one. The project still depends on the Danish-German hydrogen pipeline and firm commercial offtake agreements, so infrastructure and execution remain key risks.
The signal: The subsidy underscores how much early hydrogen production still leans on public funding, even as the Hydrogen Bank's heavily oversubscribed third auction shows strong demand for support. For Denmark, it cements a role as Germany's first major cross-border green hydrogen corridor.
Read more: reglobal.org
Image credit: Everfuel
