OMV and Austria Wirtschaftsservice GmbH (aws) have signed a financing agreement securing up to €123 million to support production at the planned green hydrogen facility in Bruck an der Leitha, Lower Austria. The project previously received a positive assessment from the European Hydrogen Bank and was recommended for funding.
The initiative plays a key role in Austria’s national hydrogen strategy and OMV’s Strategy 2030.
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“The positive evaluation by the European Hydrogen Bank and the resulting state funding for our green hydrogen plant send a strong signal for the future of sustainable energy supply and for Austria as a business location,” said Alfred Stern, Chairman of the Executive Board and CEO of OMV.
OMV plans to invest between €400 million and €600 million in the project. The 140 MW electrolysis plant is scheduled to start operations at the end of 2027 and will rank among Europe’s five largest green hydrogen facilities. Annual output is expected to reach up to 23,000 tonnes of green hydrogen, produced using wind, solar and hydropower, cutting CO₂ emissions by up to 150,000 tonnes per year.
In November 2025, OMV signed an agreement with Masdar to establish a joint venture covering financing, construction and operation of the plant. Completion of the JV is expected in early 2026, subject to regulatory approvals.
Photo: Capital
