It’s striking to see so much activity in the European green hydrogen space in recent weeks.
There have been almost daily announcements about new investments across the value chain in both start-ups and scale-ups. This is very encouraging in these times of higher interest rates and it continues a trend that NovAzure shared in a keynote speech at the Brown Rudnick hydrogen pitch event in Mayfair last September, where we reported that new funding for the hydrogen sector was showing signs of being more resilient than some other parts of cleantech.
Highlights of recent activities include NOK 82.7 million invested in HydrogenPro by Swiss ANDRITZ AG that brings extensive electrolyser scaling knowledge.
HysetCo of France seem to be bucking the trend for thinking that hydrogen for road transportation only works for buses and HGVs with a €200M investment from Hy24. They operate four hydrogen filling stations around Paris and have a “full-service rental” model of fuel-cell cars and vans, mainly for taxis and commercial fleets, that includes fuel, insurance, maintenance and repair, a business model that mitigates some of the customer’s risks.
Finally, a mention that Swiss electricity producer and service provider Alpiq is investing €47M in P2X in Finland, which should help the scaling of their green hydrogen and efuels technology.
This is all encouraging news for clients working with NovAzure: either innovators looking to scale and fund their new innovations in the green hydrogen value chain or venture investors wishing to accelerate their growth in the sector.
