Snam headquarters in San Donato Milanese
Snam backs CCS and hydrogen developer Storegga
Italian gas network company becomes strategic shareholder as Storegga secures $63mn in third-round fundraise
Italian gas infrastructure company Snam has bought a stake in carbon capture and storage (CCS) and clean hydrogen project developer Storegga as part of a £51.3mn ($62.8mn) third-round fundraise by the UK-based company. The size of Snam’s investment was not disclosed. Storegga also secured additional funding from existing shareholders Singaporean sovereign wealth fund GIC, Japanese conglomerate Mitsui, global investment manager M&G Investments and financial services firm Macquarie Group. “It is terrific to add Snam to this shareholder group. They are a leader in the energy transition, with specialist experience in crucial areas such as gas transportation and hydrogen that support our miss
Also in this section
31 March 2025
Saudi Aramco’s blue hydrogen progress is a clear reminder that energy companies pivoting in search of greater returns may not be throwing the H₂ baby out with the bathwater
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
