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UniCredit participation in Tree Energy Solutions' latest funding round underlines continued commitment to sustainability

UniCredit participation in Tree Energy Solutions’ latest funding round underlines continued commitment to sustainability

 

Tree Energy Solutions ("TES"), a world-scale green hydrogen company with a mission to deliver a net-zero future by decarbonising the energy chain, yesterday announced it has successfully concluded its second fundraising round at EUR 65 million.

 

The fundraising attracted a global investor base comprising leading financial institutions and international energy corporations, including UniCredit, HSBC and E.ON, among others.

 

This new capital injection will enable TES to accelerate the clean energy transition by building the world's largest hydrogen projects in the coming years, including a green energy hub in the German port of Wilhelmshaven with the goal of supplying 250TWh of green gas annually.

 

It is a model that will then be replicated across other European ports with a view to offering affordable green hydrogen, green gas and green power in volumes that will significantly contribute to the decarbonisation of global energy markets.

 

At the same time, TES is also contributing to energy security solutions - developing additional energy supply and import hubs in Germany, Belgium, the Netherlands, France, the Middle East, Canada and the United States with fully integrated and optimised global supply chains.

 

Andrea Orcel, CEO of UniCredit, said: "ESG considerations are fundamental to every investment decision we make and our participation in Tree Energy Solutions' latest funding round is excellent proof of this and of our continued commitment to sustainability. Renewable and low carbon hydrogen play a key role in the EU Taxonomy and will be integral to both accomplishing the objectives set out in the European Green Deal and facilitating Europe's clean energy drive. As an active member of the European Clean Hydrogen Alliance and prominent financier of the sector, we are delighted to partner with TES in this transition."