TES attracts investment to accelerate energy transition

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Tree Energy Solutions (TES), a Belgium-based green hydrogen company, has concluded its second fundraising round at €65 million ($66.2 million).

The new capital will enable TES to accelerate the clean energy transition by building ‘the world’s largest’ hydrogen projects by 2030.

The fundraising attracted the UK-based ship management company Zodiac Maritime, Germany-based energy company E.ON and banking institutions HSBC and UniCredit.