HH2E Launches M&A Process to Attract Investors for Green Hydrogen Development
HH2E, a green hydrogen developer based in Germany, recently initiated a merger and acquisition (M&A) process to attract investors. The company, facing insolvency after losing funding for its 1GW green hydrogen project in Lubmin, Germany, has engaged a UK assurance firm, Ernst & Young, to oversee the structured M&A process.
The M&A process involves reaching out to potential investors to exchange information and receive indicative offers. HH2E aims to finalize the process by the end of January 2025, selecting the most competitive bids from the shortlist. Despite the setback, HH2E remains optimistic about its green hydrogen initiatives.
The company emphasizes that its flagship project in Lubmin has completed the front-end engineering design and secured agreements for essential components such as grid connections, pipelines, electrolyzers, and batteries. With a project that is “FID-ready” and plans for additional ventures in Thierbach and other locations, HH2E is positioning itself as a compelling investment opportunity.
HH2E co-founder Alexander Voigt highlighted the company’s resilience and commitment to scaling industrial-scale green hydrogen projects. He acknowledged the challenges faced by early-stage companies but remained confident in HH2E’s capabilities to emerge stronger.
While some investors have retreated from green hydrogen investments due to market uncertainties, HH2E remains focused on advancing its projects. Despite the funding challenges from its previous majority shareholder, Foresight Environmental Infrastructure Limited (FGEN), HH2E continues to drive forward with its green hydrogen ambitions.
For those interested in staying updated on the latest developments in the hydrogen industry, resources like H2 Intelligence offer global coverage, analytics, and forecasting tailored for investors, policymakers, and industry professionals. With a comprehensive view of hydrogen production, transportation demand, and global policy, such platforms provide strategic insights for navigating the evolving hydrogen landscape.
