Everfuel A/S announced the signing of a Letter of Intent (LoI) with a large industrial offtaker in Germany for the supply of up to 10,000 tpy of green H₂ from 2028. The undisclosed customers’ initial demand is expected to match the H₂ output from an operationally optimized 100-MW electrolyzer, aligning with Everfuels' strategy of developing standardized, scalable electrolyzer modules tailored to demand. The customer expects to increase consumption of green H₂, classified as Renewable fuels of non-biological origin (RFNBO), over time in accordance with its plans for decarbonizing industrial processes. 

“This is a validation of Everfuel’s focused strategy for delivering green H₂ at scale to industrial customers and I would like to acknowledge our partner’s ambition to pioneer the H₂ transition in Germany. We share a strong commitment to enabling material carbon emission reductions and creating a platform for mutual long-term value creation,” said Jacob Krogsgaard, founder and CEO of Everfuel.

The German partner understands Denmark’s significant potential for green H₂ export and recognizes Everfuel’s unique strategic position and plans for establishing H₂ production capacities in the attractive Danish power zone DK1.

Everfuel may supply the RFNBO H₂ from project Sif or other future electrolyzer projects under development. The LoI is the first step towards a final commercial agreement between the parties, which is conditional upon several factors, including the establishment of H₂ pipeline infrastructure between Denmark and Germany connecting Everfuel’s production facility and the customer.

 “On 5 April 2024 the Danish government announced that it is willing to take majority of the investment risk of the Danish H₂ backbone if market participants provide sufficient commitment. Today’s agreement is a cross-border confirmation of the willingness of Everfuel and its partner to show such a commitment. The 5 May 2024 Everfuel responded to Energinet’s (Danish TSO) market exploration deadline for backbone capacity reservation. Everfuels indication of capacity reservation included a significant commitment, which also includes the German industrial offtaker, and is showing Everfuel dedication to make large scale green H₂ production and distribution happen,” said Jacob Krogsgaard, founder and CEO of Everfuel.

“Developers like Everfuel work hard to mature portfolios of scalable projects to ensure production capacity and redundancy in our operations to verify industry commitments. It is crucial for Everfuel and our partners to understand the timing and cost associated with using the upcoming infrastructure. We look forward to continuing the dialogue with Energinet in the process to firm backbone capacity commitments scheduled for second half of 2025,” Jacob continued.