OMV receives EUR 123 mn in funding for the largest green hydrogen project in Austria

OMV and Austria Wirtschaftsservice GmbH (aws) have entered into a funding agreement that will secure production financing of up to EUR 123 million for the proposed green hydrogen facility in Bruck an der Leitha, Lower Austria. This project received a positive assessment and funding recommendation from the European Hydrogen Bank (EHB). This landmark initiative will significantly support Austria’s hydrogen strategy and align with OMV’s Strategy 2030.

Source: OMV

Investment and Project Details

OMV plans to invest several hundred million euros in the Bruck an der Leitha project. The 140 MW plant is expected to commence operations by the end of 2027, positioning it among the five largest hydrogen facilities in Europe.

The positive assessment made by the European Hydrogen Bank and the resulting funding from the Austrian state for our green hydrogen plant is a strong signal for the future of sustainable energy supply and Austria as a location. With our project, we are setting a milestone for the energy transition in Europe and showing how OMV combines innovation and responsibility.

^{Alfred Stern, Chairman of the Executive Board and CEO of OMV}

At this plant, OMV will generate up to 23,000 tons of green hydrogen per year utilizing renewable energy sources such as wind, solar, and hydropower, which will contribute to a reduction of up to 150,000 tons of carbon emissions annually.

In November 2025, OMV and Masdar, a leading global clean energy company, signed an agreement to form a joint venture (JV). This planned JV will oversee the financing, construction, and operation of the 140 MW electrolyzer plant for green hydrogen production in Bruck an der Leitha.

By generating green hydrogen locally, this plant with a 22-kilometer pipeline running directly to the OMV refinery in Schwechat will make a considerable contribution to our decarbonization.

^{Martijn van Koten, OMV Executive Vice President, Fuels and Chemicals.} 

The establishment of the JV is anticipated to be finalized in early 2026, pending the completion of final documents, shareholder agreements, and regulatory approvals.