The deal between Nobian and Macquarie’s Green Investment Group (GIG) on the shared ownership of green hydrogen developer HyCC has been finalised.
The two companies agreed to split ownership of the new joint venture in December 2021, which specialises in industrial-scale water electrolysis to manufacture green hydrogen from renewable energy.
HyCC will benefit from Nobian’s expertise in large-scale electrolysis, as well as GIG’s resources and project development experience, after the agreement is finalised.
More than 400MW of green hydrogen projects are now being developed by HyCC. In Delfzijl, the Netherlands, the business just secured the necessary approvals for a 20MW green hydrogen plant.
In February, it also announced the development of H2-Fifty, a 250MW project in Rotterdam, in collaboration with BP.
Other projects include a 40MW hydrogen project in Delfzijl and a 100MW project in IJmuiden in collaboration with Tata Steel and the Port of Amsterdam.
“Green hydrogen is key to decarbonising large industries such as steel, aviation and chemistry, enabling the development of a truly sustainable economy.” said Marcel Galjee, HyCC’s managing director.
“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, Nobian’s chief executive also added “With our leading and long-standing expertise in large scale electrochemistry we are able to invest in an exciting and developing hydrogen market.”
The head of industrial transition and clean fuels at GIG, Kate Vidgen, stated “HyCC has the capabilities required to scale up green hydrogen production to enable the transition to a truly circular economy.”