Hamburg-based hydrogen pioneer Eternal Power gains another prominent investor and senior advisor with manager and entrepreneur Dieter Ammer. The company is developing green hydrogen projects worldwide for import to Germany and the EU. Ammer supports the founding and managing director team with immediate effect in an advisory capacity in the development of a global project pipeline.  In addition, Dieter Ammer is participating in financing the company.

With the beginning of June, Dr. Daniel Gerner joins ETERNAL POWER as Managing Director and Chief Financial Officer. “I’m happy that we will be working on making our planet a bit more carbon neutral by producing green energy, green hydrogen, and its derivatives!”

Hydrogen producer ETERNAL POWER recognizes the mobility sector, particularly heavy-duty transport, and the chemical industry as key drivers for the rapid development of the green hydrogen market. Despite being currently more expensive than fossil alternatives, industries that must adhere to CO2 quotas and are technically prepared to switch to green hydrogen present a positive business case.

Eternal Power aims to produce green hydrogen for 3 euros per kilogram by 2030, primarily in countries like Chile. The forecast considers five factors to be most relevant: renewable energy and electrolyser costs, technological advancements, competition, and political incentives.

Dr. Moritz Schwencke and Robert Meitz from ETERNAL POWER joined this year’s McKinsey GBB which connects entrepreneurs, innovators and investors with the aim to build green businesses. The team presented ETERNAL POWERs approach to become a fully integrated supplier for green hydrogen and had great conversations with other companies interested and active in the sector.