A prominent hydrogen company, once hailed as a flagship of Germany’s green energy transformation, HH2E, is facing insolvency. The firm’s financial trouble stems from the withdrawal of a key investor.
The court in Berlin-Charlottenburg has approved a preliminary self-administration process for HH2E AG and its subsidiary, HH2E Werk Lubmin GmbH. This procedure aims to find a new investor to help the company recover.
Since its founding in 2020, HH2E has been at the forefront of green hydrogen production. However, the company’s future now hangs in the balance after the unexpected financial setback, calling into question its role as a leader in the field.
The broader implications of this event could potentially affect the strategic goals of Germany’s energy transition, especially concerning green hydrogen’s viability and economic sustainability.
