DACH Region's Power-to-X Sector Gets Stronger

Researched by Industrial Info Resources (Sugar Land, Texas)--To play a role in the long-term climate protection targets for 2050, companies in the DACH region, especially Germany, are investing in new Power-to-X technologies. The sector has been witnessing an uptick in investment, and is expected to grow rapidly over the coming years. The region includes Germany, Austria and Switzerland.

The investment in Power-to-X projects in the DACH region has increased fivefold, from five new projects worth US$452.86 million that kicked off and were completed from August 2020 to July 31, 2021, to 23 projects worth US$2.21 billion during the same timeframe in 2021-22, according to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database.

Industrial Info is tracking US$2.6 billion in capital Power-to-X projects in DACH region. Subscribers can click here for a list of detailed project reports.

The major investment of approximately US$1 billion is planned by a joint effort between HH2E AG (Hamburg, Germany) and MET Germany GmbH (Frankfurt), for a new 1-gigawatt green hydrogen plant in Lubmin, Germany. Click here for the related project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).