ORLEN Group secures PLN 1.7 billion for hydrogen projects

ORLEN Group secures PLN 1.7 billion for hydrogen projects

The ORLEN Group in Poland has secured over PLN 1.7 billion in non-repayable funding from the National Recovery Plan to advance its hydrogen initiatives. This funding will support two key projects: Green H2 and Hydrogen Eagle. Both programs focus on producing renewable hydrogen through electrolysis powered by renewable sources and generating low-emission hydrogen from municipal waste.

Ireneusz Fafara, President and CEO of ORLEN S.A., stated that this funding underscores the company’s commitment to develop hydrogen capabilities as part of its 2035 strategy. The financial support will allow the ORLEN Group to enhance hydrogen production infrastructure, which will strengthen both Poland’s and Europe’s hydrogen supply networks.

The Hydrogen Eagle program aims to diversify sources of renewable and low-emission hydrogen, utilizing waste-to-hydrogen technology. This initiative not only improves European hydrogen infrastructure but also aims to lower carbon dioxide emissions.

The Green H2 project, managed by LOTOS Green H2, focuses on renewable hydrogen production for refinery operations at the Gdansk site. This project includes the installation of a 100 MW electrolyser integrated with an energy storage system.

Recently, ORLEN VC, the group’s corporate venture capital fund, invested in Hystar, a manufacturer of efficient PEM electrolysers. This investment is expected to bolster the group’s hydrogen production capabilities.

The funding received by ORLEN Group is part of the third funding round under the National Recovery Plan, specifically aimed at investments in hydrogen technologies. The program is managed by Bank Gospodarstwa Krajowego and seeks to boost economic growth potential and competitiveness in Poland.