OMV Secures €123 Million Funding for Major Green Hydrogen Project in Austria
Austria is funding the construction of one of Europe’s largest hydrogen plants, with OMV building a 140 MW facility in Bruck an der Leitha, set to produce up to 23,000 tons of green hydrogen annually starting late 2027. The project, which is expected to reduce CO2 emissions by up to 150,000 tons per year, has received a production grant of up to €123 million from Austria Wirtschaftsservice GmbH (aws) and was positively evaluated by the European Hydrogen Bank (EHB).
OMV's investment in the project is in the mid-hundreds of millions of euros, and the plant will utilize renewable energy sources including wind, solar, and hydro power. A joint venture agreement with Masdar for financing, construction, and operation of the facility was signed in November 2025, with completion expected in early 2026, pending final documentation and approvals.
