Austria's energy group OMV has secured up to €123 million (around $143.6 million) in production support for a planned green hydrogen plant in eastern Austria after signing a funding agreement with state development agency Austria Wirtschaftsservice GmbH, the company said Thursday.
The 140-megawatt plant is scheduled to begin operations at the end of 2027 and is expected to rank among Europe's five largest hydrogen facilities, the company said in a statement.
The project, to be located in the Lower Austria town of Bruck an der Leitha, was previously assessed positively and recommended for funding by the European Hydrogen Bank. OMV said the plant is expected to support Austria's hydrogen strategy as well as the company's Strategy 2030.
"At the plant, OMV will produce up to 23,000 tons of green hydrogen annually using renewable energy from wind, solar, and hydropower, leading to a saving of up to 150,000 tons of carbon emissions per year," it added.
Last year, OMV and United Arab Emirates–based energy company Masdar signed an agreement to establish a joint venture to finance, build and operate a 140-megawatt electrolyzer plant producing green hydrogen in Bruck an der Leitha. The joint venture is expected to be finalized in early 2026, subject to completion of final documentation, shareholder approval and regulatory clearance.
By Handan Kazanci
Anadolu Agency
energy@aa.com.tr
