Stadtwerke München Sign Letter of Intent to Join Northern Germany's Largest Decentralised Hydrogen Hub
- Stadtwerke München sign Letter of Intent for stake in Infener's H2 Hub Neumünster
- Public utility and private developer combine expertise for decentralised hydrogen production
Neumünster/Munich, 21 April 2026 – Stadtwerke München (SWM) and Swiss company Infener AG have signed a Letter of Intent for SWM to take a stake in the planned hydrogen hub in Neumünster. The announcement was made at a joint press conference in Neumünster: with the involvement of one of Germany's largest municipal energy providers, this flagship project for decentralised green hydrogen production in Schleswig-Holstein gains a strategically important partner from the public sector.
The partnership extends beyond a purely financial investment: Stadtwerke München will also contribute their extensive municipal expertise in the energy sector. For SWM, the Neumünster hub represents a promising pilot project to position themselves strategically for the anticipated ramp-up of the hydrogen economy.
Tobias Bergmann, Mayor of Neumünster: "The signed agreement and strategic partnership between Infener and Stadtwerke München marks an important step towards realising the H2 Hub in Neumünster. Our aim is to create the right conditions for innovative energy projects at this location. With its position and infrastructure, Neumünster offers an excellent foundation.”
Dr Gregor Neunzert, Head of Gas Investments at Stadtwerke München: "SWM is already active in hydrogen transport along the value chain. We are currently evaluating investments in hydrogen production. In this context, the Neumünster project is particularly well-suited given its geographical advantages and the planned partnerships with Infener and regional energy providers.”
Joel Vogl, CEO and Founder of Infener: "With Stadtwerke München, we gain a partner that truly understands municipal energy supply. This partnership demonstrates that the future of the hydrogen economy lies not only in large-scale coastal projects, but in decentralised hubs that produce hydrogen where it is needed. Neumünster is set to become a blueprint for this new infrastructure – and with SWM's support, we can replicate this model across Germany.”
A key milestone for the H2 Hub is connecting to the high-voltage grid. TenneT and Schleswig-Holstein Netz (SH Netz) are working closely together on this: TenneT is constructing the substation to which the hub will be connected, whilst SH Netz is delivering the grid infrastructure.
Schleswig-Holstein generates more electricity from wind and solar than the grid can absorb. In 2024 alone, approximately 812 gigawatt-hours of renewable electricity were curtailed – energy that was produced but could not be used. The cost of these redispatch measures amounted to €78.4 million. Decentralised electrolysers such as the H2 Hub Neumünster offer a solution: they can convert surplus electricity into hydrogen on-site rather than letting it go to waste. This relieves pressure on the TenneT and SH Netz grids – and transforms a cost burden into value creation: green hydrogen for regional industry and transport.
About INFENER
Infener is a pioneer in green hydrogen solutions, positioning itself as an integrated multi-asset energy platform. Founded in 2023 and headquartered in Switzerland with operations in Germany, Portugal and Norway, the company develops hybrid H2 hubs, integrated hydrogen solutions and products that ease grid constraints, decarbonise industrial processes and future-proof municipal energy systems.
At the core is the intelligent orchestration of local energy systems: by combining hydrogen production, battery storage (BESS) and behind-the-meter solutions, Infener creates systems that don't just generate energy, but actively optimise it. The value lies in how these assets work together – Infener is becoming the energy operating system for the decentralised energy transition.
Further information: www.infener.com
Media Contact:
Franziska Grammes
Head of Political Communication & Media Relations
E-mail: f.grammes@infener.com
About Stadtwerke München
Stadtwerke München GmbH (SWM) is one of Germany's largest energy and infrastructure companies, with approximately 12,000 employees and revenues of €6.3 billion. As a municipal subsidiary of the City of Munich, SWM provides secure energy supply (electricity, natural gas, district heating and cooling), urban mobility solutions (underground, bus, tram and innovative new mobility services), telecommunications and premium drinking water from the Bavarian Alpine foothills. SWM is a vital part of municipal public services and makes a significant contribution to the economic strength and quality of life in Munich and the surrounding region.
Further information: www.swm.de
Media Contact Stadtwerke München:
Hannes Lindhuber
Head of Corporate Communications
presse@swm.de
+49 89 2361-5042
About the City of Neumünster
The independent city of Neumünster, with a population of around 80,000, is centrally located in Schleswig-Holstein and part of the Hamburg Metropolitan Region. As a regional centre and the fifth largest city in Germany's northernmost state, it serves important supply functions for the region whilst also being an established business location in the north. Neumünster benefits from robust infrastructure and excellent transport links between Hamburg and Kiel.
As a major railway junction, the city is easily accessible for industry, logistics, retail and services. Businesses benefit from available development sites, streamlined decision-making and close collaboration between the local authority, businesses and regional partners. Neumünster actively shapes transformation processes, prioritising inter-municipal cooperation and reliable conditions for investment.
Further information: www.neumuenster.de
Media Contact CityofNeumünster
Johanna Ulrich Press & Public Relations
presse@neumuenster.de
+49 4321 942 2799