EWE and its subsidiary swb, as well as steel manufacturer ArcelorMittal, signed a letter of intent to cooperate. The agreement focuses on green hydrogen production in Bremen. At the power plant site in Mittelbüren, an electrolysis plant with an output of up to 24 megawatts is to be built in the first step, which will supply the ArcelorMittal steelworks with green hydrogen. The project not only pays for the National Hydrogen Strategy adopted in June, which aims to make green hydrogen marketable. The project called "HyBit - Hydrogen for Bremen's industrial transformation" also follows the European hydrogen strategy presented by the European Commission last week. This primarily focuses on the decarbonization of large industries.

ArcelorMittal is aiming for CO2 neutral steel production in Europe by 2050. By 2030, emissions are to be reduced by 30 percent. The achievement of these goals is based on the use of new technologies. The use of green hydrogen plays an important role in the Group's strategy; it contributes to reducing the use of carbon in the pig iron production process.