HH2E Initiates M&A Process to Attract Investors for Green Hydrogen Development
Green hydrogen developer HH2E is undergoing a merger and acquisition (M&A) process to secure investment opportunities. The company recently filed for insolvency and is now working with financial advisors to facilitate the M&A process. Earnest & Young has been engaged to assist in this process, which will involve exchanging information with potential investors and submitting offers.
HH2E’s flagship green hydrogen project in Lubmin, Germany faced a funding setback when its majority shareholder, Foresight Environmental Infrastructure Limited (FGEN), pulled funding at the last minute. Despite this challenge, HH2E remains optimistic about the project’s technical feasibility and has finalized agreements and contracts for various aspects of the project.
The company’s co-founder, Alexander Voigt, described the project as “FID-ready” and emphasized that HH2E is transforming this setback into an investment opportunity. Despite market challenges facing green hydrogen investments, HH2E is forging ahead with its plans, including developing a second project in Thierbach and exploring opportunities at two other locations.
While it’s an uncertain time for green hydrogen investments, HH2E is committed to pursuing its projects and expanding its presence in the industry. The company’s resilient approach and focus on industrial-scale green hydrogen projects position it as a key player in the evolving hydrogen economy.
