Everfuel has received confirmation of substantial funding support for its flagship Project Frigg, with the European Hydrogen Bank awarding production aid worth up to €244.9 million. The support corresponds to €0.98 per kilogram of renewable hydrogen produced and will be allocated to the first 200 MW phase of the project.
The funding marks a significant step forward for one of Denmark’s most ambitious green hydrogen developments. Located at Revsing Energy Park in Vejen, Project Frigg is planned as a large-scale hydrogen hub that could ultimately reach 2 GW of electrolysis capacity, making it one of the largest renewable hydrogen projects in Northern Europe.
The facility is designed to supply RFNBO-compliant hydrogen to industrial customers, particularly in Germany, through the future Danish-German hydrogen pipeline network. The project is expected to play an important role in supporting the decarbonisation of hard-to-abate industries while strengthening cross-border hydrogen infrastructure in Europe.
According to Everfuel, the funding award demonstrates both the competitiveness and maturity of the project. The company also highlighted the growing momentum of Denmark’s hydrogen sector, with several domestic projects receiving support under the latest European Hydrogen Bank initiative.
Swiss Life Asset Managers, an investor in Everfuel, welcomed the decision, noting that large-scale projects such as Frigg are critical for building the hydrogen infrastructure needed to support Europe’s industrial transition away from fossil fuels.
While the funding represents a major milestone, the project still faces important development steps before construction can move forward. One of the most significant near-term priorities is securing transportation capacity in Denmark’s planned hydrogen backbone network. Everfuel continues to work with regulators, infrastructure operators, and potential hydrogen buyers to establish the commercial and regulatory framework needed for long-term project viability.
If fully developed, Project Frigg could become a cornerstone of Europe’s emerging hydrogen economy, connecting Denmark’s renewable energy resources with growing industrial demand for green hydrogen across Germany and the wider continent.
