Brussels-based Tree Energy Solutions (TES), a global green energy company, announced that it has concluded its third fundraising round at €140M from financial institutions and energy investors, including Azimut Group, Fortescue, E.ON, HSBC, O.G. Energy, Zhero and others.
Existing shareholders, including AtlasInvest, Reggeborgh, Zhero, and Zodiac Maritime, participated in the funding round.
The company will use the funds to develop its global portfolio of large-scale e-NG (electric natural gas derived from green hydrogen) production projects and its import terminal project in Wilhelmshaven, Germany.
Marco Alverà, Co-founder and CEO of TES, says, “We are excited to announce this significant new milestone. Fundraising is an important step on our journey to deliver affordable e-NG and hydrogen. This newly raised capital will be used to advance the development of our upstream and downstream e-NG projects internationally. Our sustainable business model has attracted world-class strategic and financial partners to continue executing our projects.”
Tree Energy Solutions: Building a greener future
TES is a global green energy company specialising in the production of e-NG (electric natural gas derived from green hydrogen).
e-NG is a hydrogen-based green molecule chemically identical to natural gas and obtained by combining green hydrogen with biogenic or recycled CO2.
Tree Energy Solutions says that e-NG is easy to transport and store using existing infrastructure.
The company has a model for producing green hydrogen by using solar and wind energy in low-cost regions that have an abundance of sunlight or wind.
This green hydrogen is combined with climate-neutral CO2 and converted into e-NG, a renewable molecule that is easy to transport and store through existing infrastructure.
Tree Energy Solutions is developing a green energy hub in the port of Wilhelmshaven, Germany. This hub is a crucial part of TES’ mission to decarbonise the German and neighboring energy markets.
The hub will facilitate the import of natural gas and e-NG, the export of CO2, and the production of green hydrogen and green power.
Further, Tree Energy Solutions has developed strategic partnerships with several leading energy companies, including TotalEnergies, Osaka Gas, Toho Gas, Tokyo Gas, Fortescue, and ADNOC, to create a leading pipeline portfolio of large-scale e-NG projects across North America, The Middle East, Australia, and Europe.
Marcel and Paul van Poecke, co-founders and co-chairmen of TES, in a joint statement, say, “Congratulations to Marco and team for continuing the successful execution of our plan. We are delighted to be well supported by our existing investor base and to have attracted new, well-regarded, investors who share our vision for the company.”
Read the orginal article: https://siliconcanals.com/news/startups/tree-energy-solutions-secures-140m/
