OX2 and Ingka Investments, the investment arm of the Ingka Group (IKEA’s largest retailer), are set to submit an application for a pioneering offshore wind-to-hydrogen project off the coast of Gotland, Sweden.
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OX2 and Ingka Investments, the investment arm of IKEA’s parent company, Ingka Group, have set their sights on transforming Sweden’s renewable energy landscape with the ambitious Neptunus offshore energy hub.
OX2, a prominent player in renewable energy, has struck a deal with Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, to sell a substantial 49 percent stake in advanced Swedish offshore wind and hydrogen projects.
