CMS advises PtX Development on investment for large-scale hydrogen project

Berlin, 07.10.2024 - PtX Development, an initiator and site developer for the production of green hydrogen, and KGAL, an independent investment and asset manager, have signed a financing agreement for the construction of one of Germany’s largest hydrogen production plants at the Hydrogen-Hub in Lubmin, Mecklenburg-Western Pomerania.

A CMS team headed by lead partner Dr Gerd Leutner advised PtX on all legal aspects of the agreement, from preparing for the financing process through contract design to contract negotiations and signing. The investment amount was not disclosed.

The investment involves a large-scale electrolysis plant with an electrolysis capacity of more than one gigawatt (1,050 megawatts) and annual hydrogen production of around 100,000 tonnes in the final development stage. When completed, the plant will produce large quantities of hydrogen for industry, thus helping to significantly reduce CO2 emissions.

PtX Development GmbH combines expertise in the hydrogen market and plant construction with capabilities in the implementation of complex construction and infrastructure projects. PtX Development was established in Berlin in 2020.

CMS Germany

Dr Gerd Leutner, Lead Partner, M&A
Dr Antje Becker-Boley, Partner, M&A and Energy
Dr Martin Eichholz, Senior Associate
Maximilian Siebert, Associate, both M&A
Dr Christiane Kappes, Partner
Katja Meisel, Senior Associate, both Public Law
Martin Cholewa, Counsel, Antitrust & Competition

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