Everfuel Hy24 A/S announced that the JV has signed the final agreement with the Danish Government in relation to the Power-to-X tender for supporting production and supply of green hydrogen.

The increased grant is valued at DKK 211 million (€28,3 million) following the revised offer provided by the Danish Energy Agency on November 17.

“Echoing previous statements, the Danish PtX tender is a confirmation of the government’s commitment to unfold the national hydrogen production and export potential. We are very pleased with the tender process and the result for our JV. The outcome further supports Everfuel and Hy24s joint ambition of commercialising green hydrogen at scale,” says Jacob Krogsgaard, founder and CEO of Everfuel.

The tender’s built-in subsidy is provided as support for operating expenses and is recognised per kilogram of green hydrogen produced. The subsidy will run for ten years and is dependent on the operational performance of the project.

The tender for large-scale green hydrogen production and supply is the first of its kind and supports Denmark’s power-to-X strategy to build upwards of 4-6 GW electrolyser capacity.