Overview

• VNG will begin producing green hydrogen at its Bad Lauchstädt Energy Park later this year, with an initial capacity of 2,700 tons annually, supplied by wind-powered electrolysis.
• The company plans to invest €5 billion in renewable gas projects by 2035, contingent on stable regulatory and economic conditions.
• A larger green hydrogen facility in Lutherstadt Wittenberg, set to produce 50,000 tons annually, is expected to launch in 2029.
• VNG has secured alternative natural gas supplies from Norway and Algeria after halting reliance on Russian gas in 2022.
• Despite strong financial performance in 2024, VNG emphasizes the need for clear CO2 pricing mechanisms and regulatory frameworks to accelerate its energy transition.