German energy giant RWE will acquire the gas-fired power plant Magnum at Eemshaven in the province of Groningen the Netherlands from Vattenfall. The two companies have signed an agreement to this effect. The plant, which has been in operation since 2013, is one of the most modern power plants of its kind and has an installed capacity of 1.4 gigawatts. Magnum is located in the immediate vicinity of RWE’s existing power plant in Eemshaven, a hard coal-and biomass-fired power plant of 1,560 megawatts capacity. Thereby RWE expects comprehensive benefits from sharing local infrastructure.Thanks to its construction design, Magnum is already hydrogen-ready & the plant can be made technically suitable to co-fire hydrogen by up to 30%. Moreover, there may also be the possibility of converting Magnum to rely on hydrogen as its sole fuel by the end of the decade. Magnum not only supports the decarbonisation of the Dutch energy sector, but also the local expansion of the hydrogen infrastructure in the province of Groningen, in which RWE is already actively involved through the ‘Eemshydrogen’ project cluster.Since 2020, RWE has been developing Eemshydrogen, an innovative project for the environmentally friendly production of hydrogen in Eemshaven. As part of the tender for the Hollandse Kust West VII offshore wind farm, RWE also plans to build electrolysers with a total capacity of 600 megawatts. This would sustainably develop the province of Groningen into one of the focal points of the Dutch hydrogen economy.