Azimut Group

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Tree Energy Solutions secures €140M to fuel production of electric natural gas derived from green hydrogen

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Tree Energy Solutions, Azimut Group, Fortescue, EON

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.

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