Deutsche ReGas has secured 112 million euros in public grants from the EU's Hydrogen Bank for a renewable hydrogen project in Lubmin, Germany. The project, set to span over 10 years, will focus on utilizing electrolysis processes powered by carbon-free electricity to produce hydrogen as an alternative to fossil fuels. This initiative is expected to reduce 1.6 million metric tons of carbon dioxide emissions and address the cost disparity between green hydrogen production and traditional energy sources. The grant is part of a larger 992 million euro auction by the Hydrogen Bank, supporting 15 projects across five countries. Deutsche ReGas, known for its role in energy infrastructure, is leveraging the project's proximity to offshore wind energy and Baltic Sea water to facilitate hydrogen production through electrolysis. The development aligns with Germany's energy transition goals and will benefit from the region's existing power grids and upcoming hydrogen transport network. As part of the plan, ReGas has relocated its LNG operations to focus on a new LNG landing terminal in Mukran, Ruegen island. The project director highlighted the dual aim of securing energy supply and advancing the energy transition. Grant agreements for the selected hydrogen projects are anticipated to be finalized by September/October, according to EU documentation.