Power2X has acquired HyCC, a Netherlands-based developer of large-scale green hydrogen projects, marking a strategic consolidation in the European clean molecules sector.
The transaction positions Power2X to scale commercial deployment of hydrogen and other low-carbon feedstocks for hard-to-abate industrial sectors, including chemical production hubs in Amsterdam, Delfzijl, and Rotterdam.
HyCC has built a significant pipeline of green hydrogen projects in both the Netherlands and Germany, with expertise in water electrolysis and industrial integration. Under Power2X, these projects will benefit from increased capital resources, operational support, and broader industrial connections, enabling faster deployment at scale. The acquisition also brings HyCC’s experienced team into Power2X, strengthening technical capabilities and project execution capacity across the combined portfolio.
Europe’s industrial decarbonization targets have increased demand for clean molecules as a pathway to reducing carbon intensity in energy-intensive sectors. Green hydrogen projects in particular require predictable regulatory frameworks and reliable investment structures. By consolidating HyCC’s assets, Power2X seeks to de-risk large-scale project delivery, accelerate commercial execution, and support Europe’s energy security and climate goals.
Between 2024 and 2030, the European market for industrial hydrogen is expected to grow substantially, with Germany and the Netherlands emerging as key production and consumption centers. Power2X’s expanded footprint positions the company to capture both short-term opportunities in operational hubs and long-term growth in green hydrogen infrastructure.
Power2X CEO Occo Roelofsen highlighted the strategic value of the acquisition: “With the acquisition of HyCC we are adding valuable, strategic projects in key industrial hubs to our portfolio. It brings us into a new phase with increased focus on delivery and a more diverse group of industrial customers.” HyCC Managing Director Marcel Galjee added that the partnership enables the next stage of commercial deployment for projects developed since 2021.
The acquisition also aligns with the strategic focus of previous HyCC stakeholders, including Nobian and Macquarie Asset Management, who have retained expertise in chlorine electrolysis and green hydrogen production at integrated chemical facilities. These operations will continue to feed into Power2X’s broader clean molecules strategy, with potential synergies in green-certified hydrogen and emerging battery chemical production.
