Belgian company Tree Energy Solutions (TES), specializing in the supply of green hydrogen, has completed the second stage of raising funds of 65 million euros, which will allow TES to implement the world’s most significant hydrogen production projects by 2030, the company’s press service said.
The fund was replenished by international investors – leading financial institutions and multinational energy corporations, including E.ON, HSBC, UniCredit, and Zodiac Maritime.
MW&L Capital Partners acted as financial advisor and placement agent for TES in raising funds, with Burggraaf & Hoekstra providing legal advice.
TES is implementing a regasification terminal project in the German port of Wilhelmshaven, a pan-European hub for the supply of clean energy. From here, according to the company’s plans, 250 TWh of “green” hydrogen will be supplied to the world market annually.
TES’ strategy is to create similar hubs in other European ports. TES will offer green hydrogen, gas, and energy to consumers in volumes that will significantly aid the goal of decarbonizing global energy markets.
TES proposes implementing a closed carbon economy in the hydrogen market using advanced technologies to combine hydrogen and CO2 and produce synthetic methane.
The company will import clean hydrogen and synthetic methane from countries with significant renewable energy production capacities to help diversify Europe’s energy supply. The existing infrastructure can contribute to the cost-effective delivery of energy resources to end consumers.
“At its European green energy hub in Wilhelmshaven, TES is already ramping up capacity to produce 5.5 million tons of green hydrogen on demand. TES aims to achieve carbon neutrality using renewable energy while contributing to energy security solutions. The company is also developing additional energy supply centers in Germany, Belgium, the Netherlands, France, the Middle East, Canada and the United States, integrating and optimizing global supply chains,” TES said.
The Belgian company specializes in developing terminals for the industrial production and supply of “green” hydrogen, a carbon-neutral energy resource in Germany, Belgium, France, the Netherlands and the United States. Currently, the company has begun developing projects for production and export terminals in the Middle East and North America.