Power2X acquires hydrogen developer HyCC
In the Netherlands, Power2X announced the acquisition of HyCC, the Netherlands-based large-scale green hydrogen project developer.
The deal creates more scale, efficiencies and reflects the consolidation of the clean molecules sector, as projects move from early development into large-scale delivery, Power2X said.
HyCC has developed a strong portfolio of hydrogen and clean molecules projects in the Netherlands and Germany in locations such as Amsterdam, Delfzijl and Rotterdam. In the combined company, these projects will benefit from scale, broader capabilities and a strong capital base. The expertise and industrial experience from the HyCC team will support further development and delivery of projects in the Power2X portfolio.
“With the acquisition of HyCC we are adding valuable, and strategic projects in key industrial hubs to our portfolio”, said Occo Roelofsen, Founder and CEO of Power2X. “It brings us into a new phase where we have increased focus on delivery and a more diverse group of industrial customers. We look forward to working closely with Nobian and other partners on project delivery and operations in Dutch and German clean molecules market.”
Category: Hydrogen
