© Power2X
Power2X has taken a final investment decision (FID) on the Djewels green hydrogen facility in Delfzijl, the Netherlands, marking the first project to reach construction stage from the portfolio the Dutch e-fuels developer acquired earlier this year through its purchase of HyCC.
A Long-Delayed Project Finds Its Footing
The 20MW plant, located at the Chemical Park in Delfzijl and directly connected to Nobian’s facilities, is expected to produce approximately 2,000 tonnes of green hydrogen per year when fully operational by mid-2028. The project had originally been scheduled for construction in 2024 but was delayed after intended electrolyser supplier McPhy went into liquidation. The path to FID was cleared after John Cockerill acquired most of McPhy’s hydrogen assets and joined Technip Energies in the Rely joint venture, which has now been appointed as EPC contractor and will supply pressurised alkaline electrolysis equipment for the site.
Technology Ambitions Beyond the Immediate Project
Power2X and Rely position Djewels as more than a standalone facility. The plant will operate at higher pressure and current densities than conventional alkaline electrolysers — a configuration the companies say, once fully proven, could reduce the footprint and costs of future larger-scale installations. Occo Roelofsen, founder and CEO of Power2X, described the FID as “the first step from development towards realization,” having begun the company’s clean industrial asset mission in 2020.
Funding and Regulatory Backing
The project has secured support from the Province of Groningen, the Waddenfonds regional fund, the Dutch Ministry of KGG, and the European Union through the Clean Hydrogen Partnership. All permits are described as irrevocably in place. Nobian, the chemical company co-located at the Delfzijl site, was involved during development and will remain a partner through construction and operations.
A Wider Portfolio Still Waiting
Djewels is the first of five projects Power2X acquired through HyCC to reach FID; the remaining four, spread across the Netherlands and Germany and representing a combined 1GW development pipeline, are not expected to begin operations until 2030 at the earliest. Beyond the HyCC portfolio, Power2X is advancing a 500MW green ammonia facility in Portugal, while its Spanish subsidiary ErasmoPower2X secured €246m ($287m) in national auction subsidies in July 2025 for a 55,000 tonne-per-year green hydrogen plant tied to e-methanol production.
Industry Implications
The FID comes at a moment of persistent difficulty for European green hydrogen developers, many of whom have pushed back timelines or cancelled projects amid high power costs and weak offtake demand. Djewels, at 20MW, remains modest in scale relative to the gigawatt-class ambitions that dominated industry announcements in previous years. Its significance may lie less in its immediate output than in whether it can validate the cost-reduction pathway that developers like Power2X are counting on — and demonstrate to investors and policymakers that European green hydrogen can move from announcement to construction without further delay.
