Hydrogen company Tree Energy Solutions plans to provide low-emission fuels for businesses in Europe as they struggle with energy shortages and higher prices. TES says it can produce synthetic natural gas by combining captured carbon dioxide with green hydrogen, either on-site or in countries where renewable power is abundant, then ship and distribute it to European facilities through existing energy pipelines.
The firm raised 65 million euros, equivalent to $69 million, in its second round of funding this year. It is developing a hydrogen production and trading hub in the German port of Wilhelmshaven and is planning to build a 500-megawatt electrolyzer to make green hydrogen.
Hydrogen company Tree Energy Solutions plans to provide low-emission fuels for businesses in Europe as they struggle with energy shortages and higher prices. TES says it can produce synthetic natural gas by combining captured carbon dioxide with green hydrogen, either on-site or in countries where renewable power is abundant, then ship and distribute it to European facilities through existing energy pipelines.
The firm raised 65 million euros, equivalent to $69 million, in its second round of funding this year. It is developing a hydrogen production and trading hub in the German port of Wilhelmshaven and is planning to build a 500-megawatt electrolyzer to make green hydrogen.
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