Tree Energy Solutions and German utility EWE are signing an MoU to build an electrolyzer in TES’ Green Energy Hub in Wilhelmshaven, Germany, according to a press release.
The electrolzser, to be installed and operated starting in 2028, has a planned total capacity of 1 GW.
The hub in Wilhelmshaven is on the North Sea coast and can accommodate up to 2 GW capacity electrolyzers with renewable energy sources such as offshore wind.
In October Tree Energy Solutions agreed to terms for Fortescue Future industries to make an equity investment of EUR 30m to become a strategic shareholder in TES, and to invest EUR 100m for a stake in the construction of the import terminal in Wilhelmshaven. Before that the Belgium-based company concluded its second fundraising round at EUR 65m.
