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
28 January 2026
The development of hydrogen’s distribution system must speed up if the industry is to stand any chance of grabbing a meaningful slice of the low-carbon energy market
14 January 2026
Continent’s governments must seize the green hydrogen opportunity by refining policies and ramping up the development of supply chains and infrastructure
6 January 2026
Shifts in government policy and rising power demand will shape the clean hydrogen sector as it attempts to gain momentum following a sluggish performance in 2025
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
