German energy company Iqony is planning to construct hydrogen-ready gas-fired power plants at three of its existing sites in the country, Reuters has reported.
The move is part of the company’s strategy to bid for a portion of the German Government’s upcoming tender for 10GW of new capacity.
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Reuters quoted the company’s spokesperson as saying: “We are preparing to build new hydrogen-ready gas plants at Bergkamen, Bexbach and Quierschied-Weiher.
“Put together, the plants would have a capacity of 2.5GW.”
The locations of the proposed gas-fired plants were first reported by Germany’s Frankfurter Allgemeine Zeitung newspaper.
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Iqony’s commitment to these plants is contingent upon the specific conditions outlined in the government’s strategy, which are expected to be clarified in the tenders scheduled for 2024.
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By GlobalDataThe government has been encouraged by interested parties to provide more details regarding the operation of a capacity mechanism scheduled to take effect in 2028.
As renewable power takes precedence, the process will compensate for capacity that will only operate part-time.
Power generating company Uniper recently disclosed its potential development of 1–2GW of capacity, subject to favourable conditions.
These developments are part of a broader effort by Berlin to accelerate the phase-out of domestic brown coal plants before the 2038 deadline and to facilitate the closure of hard-coal power plants by 2030.
In addition to the gas-fired plants, Iqony is also planning to construct electrolysis plants for hydrogen production at Duisburg-Walsum and Voelklingen-Fenne, and large power batteries at Duisburg-Walsum and Bexbach.
These projects are part of the company’s strategy to diversify into renewable energies and technologies.
Iqony, which was separated from coal-fired power producer Steag in a sales process in August 2023, is now owned by Spanish investor Asterion.
The transaction, involving the consortium Kommunale Beteiligungsgesellschaft, valued the business at $2.8bn (€2.6bn).
Steag was divided into two divisions: Steag Power, which operates hard-coal-fired power plants, and Iqony, which focuses on renewable energies including solar, wind and geothermal, along with hydrogen and storage solutions, engineering services and gas-fired power plants.
