Danish hydrogen specialist Everfuel and French player Hy24 have officially formed 200 million euro joint venture with the aim of boosting hydrogen infrastructure in the Nordics. The JV is now supposed to commence financing the development of electrolyser capacity across the Nordics with a special emphasis on servicing the rapidly growing market within the EU. Everfuel owns 51% of the JV and Hy24-managed Clean Hydrogen Infrastructure Fund holds 49%.
Hydrogen joint venture between Everfuel and Hy24
“We can now step up on making green hydrogen commercially available through development of strategically located hydrogen production facilities. Hy24’s has already proven to be the ideal partner and co-investor for Everfuel. Together we will develop green hydrogen infrastructure needed to serve rapidly growing demand from industry and mobility across our core markets to deliver on our long-term plan for growth and value creation.” says Jacob Krogsgaard, founder and CEO of Everfuel.
“Deploying green hydrogen is key for the energy transition to succeed. With Everfuel, we are sharing common objective of accelerating the widespread development of essential hydrogen infrastructures to support the decarbonisation of hard-to-abate sectors. HySynergy is the flagship project our Hy24/Everfuel joint venture will deploy to make this pioneering vision becoming a reality”, added Pierre-Etienne Franc, co-founder and CEO of Hy24.