The JV will acquire Everfuel’s Hysynergy Phase 1 project
Hy24 and Everfuel launch Nordic JV
The €200mn JV will acquire its Danish parent’s 20MW Hysynergy Phase 1 project for €28mn
Investment firm Hy24 and Denmark’s Everfuel have formed a €200mn ($212mn) joint venture (JV) to accelerate hydrogen projects in the Nordic countries. Everfuel will own 51pc of the JV and the Hy24-managed Clean H2 Infra Fund will own 49pc. The JV will acquire Everfuel’s 20MW Hysynergy Phase 1 plant in Denmark for “a purchase price reflecting costs incurred at signing… subject to adjustment for additional costs incurred up until closing”. This is estimated at €28mn, with Everfuel also due to repay an outstanding €10mn loan from the European Investment Bank. Hysynergy Phase 1 is expected to begin operations in Q2 this year, with offtake from the adjacent Crossbridge Energy Refinery. Hy24 will p
Also in this section
12 November 2025
The UK now has a never-to-be-repeated opportunity to build indigenous manufacturing and production capabilities that create both domestic value and export opportunities
12 November 2025
Growth outlook hit by recent policy changes in pivotal year for the region’s hydrogen industry, says risk management firm DNV
10 November 2025
The success of hydrogen production will rely as much on software and data integration for optimisation and tracking as on physical infrastructure and demand
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
