In December 2021, Nobian and GIG agreed on shared ownership of the new joint venture, which specializes in water electrolysis to produce green hydrogen from renewable power at an industrial scale. With the closing of the deal, HyCC will benefit from Nobian’s expertise in large-scale electrolysis and GIG’s resources and project development experience.
Marcel Galjee, Managing Director of HyCC,said, “Green hydrogen is key to decarbonize large industries such as steel, aviation and chemistry, enabling the development of a truly sustainable economy. 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, CEO Nobian, said “We are truly excited about this unique step for both Nobian and GIG. With our leading and long-standing expertise in large scale electrochemistry we are able to invest in an exciting and developing hydrogen market. Through this we will contribute to lower CO[2] emissions and sustainable economic growth, whilst also driving value creation.”
Kate Vidgen, Head of Industrial Transition and Clean Fuels at Macquarie’s Green Investment Group, said, “HyCC has the capabilities required to scale up green hydrogen production to enable the transition to a truly circular economy. Together with Nobian, we can support further innovation and investments to help drive growth, in line with our mission to accelerate the green transition.”
