Everfuel A/S, a leading European green hydrogen energy company, and Hy24, managing the world’s largest clean hydrogen infrastructure fund, are pleased to announce the creation of a joint venture (the “JV”) to finance the accelerated development of electrolyser capacity across the Nordics. Everfuel will own 51% of the JV and the Hy24-managed Clean H2 Infra Fund will own 49%.

JV highlights

• Plans to invest a total of EUR 200 million in equity in green hydrogen infrastructure in Denmark, Norway, Sweden and Finland. This will enable the JV to fund, build, own and operate up to 1 GW of green hydrogen projects
• Accelerated delivery of existing hydrogen project pipeline and strengthened collaboration on other hydrogen production assets in the Nordic region
• HySynergy project phase 1 – 20 MW electrolyser, set to commence commercial operations in second quarter of 2023, is the first asset to be held by the JV
• Combined industrial experience and financial strength of two leaders within green hydrogen infrastructure
• JV to leverage Everfuel’s electrolyser development, construction and operation capabilities
• JV to benefit from Hy24’s extensive business development experience and vast hydrogen industry and policymaker relationships