Nobian and GIG close deal on leading green hydrogen company HyCC05 April 2022
Nobian and Macquarie’s Green Investment Group (GIG) have completed their deal on the shared ownership of the leading hydrogen company HyCC, allowing it to accelerate its portfolio to help decarbonize large industries.
In December 2021, Nobian and GIG agreed on shared ownership of the new joint venture, which specializes in water electrolysis to produce green hydrogen from renewable power at an industrial scale. With the closing of the deal, HyCC will benefit from Nobian’s expertise in large-scale electrolysis and GIG’s resources and project development experience.
Marcel Galjee, Managing Director of HyCC: “Green hydrogen is key to decarbonize large industries such as steel, aviation and chemistry, enabling the development of a truly sustainable economy. With the backing of two strong shareholders and a dedicated team of specialists we can accelerate our growth and continue to play a leading role in the new hydrogen economy.”
Michael Koenig, CEO Nobian: “We are truly excited about this unique step for both Nobian and GIG. With our leading and long-standing expertise in large scale electrochemistry we are able to invest in an exciting and developing hydrogen market. Through this we will contribute to lower CO2 emissions and sustainable economic growth, whilst also driving value creation.”
Kate Vidgen, Head of Industrial Transition and Clean Fuels at Macquarie’s Green Investment Group, said: “HyCC has the capabilities required to scale up green hydrogen production to enable the transition to a truly circular economy. Together with Nobian, we can support further innovation and investments to help drive growth, in line with our mission to accelerate the green transition.”
HyCC already has more than 400 megawatts of green hydrogen projects under development. The company recently received all required permits for Europe’s first 20 megawatt hydrogen plant in Delfzijl, the Netherlands. In February, it also announced the joint development with bp of H2-Fifty, a 250-megawatt project in Rotterdam. Other projects include a 40 megawatt plant in Delfzijl to provide hydrogen for sustainable aviation fuel and a 100 megawatt project in IJmuiden with Tata Steel and the Port of Amsterdam.