Norwegian Gas Giant Equinor to Invest in German Hydrogen Startup

Norway’s Equinor ASA is in advanced talks to become a key investor in German hydrogen startup HH2E AG in an effort to diversify its energy production, according to people familiar with the matter.

Equinor — Europe’s biggest natural gas supplier — is set to make a decision on the size of the funding as early as July, said the people who declined to be identified as the business is private.

HH2E is developing a hydrogen project at the Baltic port of Lubmin as Germany embraces the fuel in an effort to curb its greenhouse gas emissions. The company hasn’t yet ...