MET Group sold its shareholding in H2 Lubmin GmbH, a hydrogen production project on the German Baltic Sea coast, to the Foresight Group.
Nevertheless, MET will continue to collaborate with HH2E to facilitate the sale of green hydrogen produced by HH2E at Lubmin and other German plants.
Thus, MET Group plans to play a key future role in supplying industrial companies, municipal utilities and other market players in the German energy market with green hydrogen.
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 14 countries through subsidiaries, 30 national gas markets, and 22 international trading hubs. MET has extensive experience in operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2022, MET Group’s consolidated sales revenue amounted to EUR 41.5 billion, the total traded volume of natural gas was 109 BCM including futures, total traded electricity 67 TWh including futures.