The 300 km infrastructure project aims to supply industrial clusters in northern Europe with low-carbon hydrogen by 2028.
Denmark and Germany launched Europe’s first cross-border hydrogen pipeline, connecting Danish production sites to German industrial hubs. The 300 km project, backed by €1.5 billion in public and private funds, targets initial capacity of 10 GW by 2028 to replace natural gas in steel and chemical sectors.
Previous EU hydrogen initiatives faced delays due to high costs and financing gaps, with only 12% of announced projects reaching final investment decisions. The pipeline aligns with Brussels’ REPowerEU plan, which allocates €5.4 billion for hydrogen infrastructure by 2030.
Shares of European energy firms with hydrogen exposure rose 2-4% in early trading, while natural gas futures in the TTF hub slipped 0.8% on expectations of long-term substitution.