HH2E

Energy Transition is upon us, green hydrogen‘s timing is now. Green hydrogen is fuel obtained from electrolysis of water with renewable energy. Water electrolysis is the decomposition of water molecules (H2O) into oxygen and hydrogen gas (H2) as an electric current flows through the water in a device called an electrolyzer. If the electricity is produced by renewable energy sources, the resulting hydrogen is considered "green hydrogen". Green hydrogen can potentially replace all of the current uses for gray and blue hydrogen, plus power production, clean mobility and clean logistics (i.e., forklifts used in warehouses). A zinc electrolyser produces green hydrogen all day despite only needing input electricity four hours of the day, enabling use of 100% green and cheap solar or off-peak wind. It also yields oxygen and electricity, improving the economics. We therefore extend the possible share of renewable energy for an industrial site to close to 100%, allowing their products to meet green standards and benefit from public subsidy schemes and become a catalyst in the widespread adoption of green hydrogen by corporate users.

HH2E has a world-class team with exceptional technical/commercial skills and track record in building businesses with an ambition to be a Top 10 producer of green energy in Europe by 2030. CEO, Alexander Voigt has founded and raised several successful companies in the field of renewable energy (Q-Cells, Solon, Younicos, Lumenion).

The business has a powerful proposition in green hydrogen/energy offering clear technical and economic USPs with an attractive equity story due to near-term project pipeline and ability to scaleGame-changing utility with focus on industrial customers. Producing CO2-free energy (heat, H2, electricity) 24/7 with resilient supply at competitive costs combined with our goal for Carbon Parity. Projects are planned for legacy sites (power plants, industrial parks, etc.) and later greenfield (grid nodes).

HH2E is targeting a leading position as a green energy challenger by 2025 with up to 3 billion euros in committed projects. Germany (and Europe) requires a rapid shift in its energy supply and the complex needs of major industrial users are massively underserved right now. Germany sees a new beginning after the 2021 Federal election with the Social Democrats, Greens and Free Democrats advancing a coalition agreement with strong economic and regulatory support for Energy transition. There is a radical speed-up of planning and permitting procedures/formal processes and introduction of tax breaks for investments in energy transition relevant assets such as super depreciation mechanism for investments in physical assets dealing exclusively with renewables, e.g. wind or PV farms, electrolysers and storage systems. In addition subsidy programmes set to continue for decarbonisation where these leverage private investment and innovation.

HH2E aims to have at least 10 major projects in northern and eastern Germany by 2025. Each project represents an investment sum of EUR 100-500 million for the SPV. The financing requirement thus amounts to circa EUR 3 billion.

Project impact

The need for Decarbonisation, Industrial scale renewables and Energy storage technologies has never been clearer. EU climate targets imply demand for ~125 million tonnes of green hydrogen by 2050.

Project timeline

HH2E team grows to 50 employees by 2025, handling 10 projects in total – the first two launching commercial service in 2025, 2-3 still in early planning, the rest in build stage.