Hydrogen Production: Leag receives EU Millions in Funding

Energy supply - Hydrogen Production: Leag receives EU Millions in Funding

In the Lusatia coal region, energy company Leag can push forward hydrogen production with 45 million Euro EU funding from the Just Transition Fund (JTF). The funds are also planned for a thermal energy storage. The funding comes from the so-called Just Transition Fund, which aims to support a socially just energy transition.

Brandenburg's Economy Minister Jörg Steinbach (SPD), who handed over the funding decisions, said: "The Just Transition Fund financially supports measures that pursue the goal of climate neutrality from the EU Green Deal. It targets regions, like Lusatia, with a special dependence on funding or the use of fossil primary energy carriers."

Leag plans to produce and store hydrogen at the Jänschwalde site using renewable electricity and build a thermal energy storage as a contribution to the district heating supply of the cities Cottbus and Peitz. The projects are expected to cost around 120 million Euros.

The Chairman of the Board of the Investment Bank of Brandenburg (ILB), Ulrich Scheppan, said, the JTF business funding is in high demand from Lusatian companies. Meanwhile, over 400 applications with planned investments of 385 million Euros have been submitted to the Investment Bank.

1. The Jänschwalde site, located in the Lusatia coal region of Brandenburg, Germany, is where energy company Leag aims to boost hydrogen production with EU funding of 45 million Euros from the Just Transition Fund (JTF).
2. Jörg Steinbach, Economic Minister of Brandenburg (SPD), highlighted that the JTF aims to financially support measures in regions like Lusatia, which have a marked dependence on funding or the use of fossil primary energy carriers, such as coal.
3. In line with the EU Green Deal, the Just Transition Fund aims to foster climate neutrality, and Leag intends to utilize these funds for hydrogen production, a thermal energy storage, and projects contributing to the district heating of Cottbus and Peitz.
4. The total cost of these projects is estimated at approximately 120 million Euros, with Leag planning to produce and store hydrogen using renewable electricity at the Jänschwalde site.
5. The demand for JTF business funding is high amongst Lusatian companies, as demonstrated by over 400 applications with planned investments of 385 million Euros submitted to the Investment Bank of Brandenburg.
6. As Germany moves towards an energy transition and coal exit, companies like Leag are essential in contributing to the transition and ensuring a balanced and sustainable energy supply, adhering to EU guidelines and targets.

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