Deutsche ReGas, a company specializing in energy infrastructure, including hydrogen electrolysers, is set to receive EUR 112 million from the European Union's Hydrogen Bank for a renewable hydrogen project in Lubmin, Germany. The project, located on Germany's Baltic Sea coast, will focus on utilizing carbon-free electricity to produce hydrogen as a clean energy alternative to fossil fuels. Over a 10-year period, the grant will support Deutsche ReGas in developing and operating the hydrogen infrastructure, including floating storage and regasification units. The initiative aligns with the EU's efforts to promote renewable energy and reduce carbon emissions. According to ReGas, the Lubmin project is expected to cut around 1.6 million metric tons of carbon dioxide, contributing significantly to environmental sustainability and the transition towards a greener energy sector.