White Summit Capital is set to invest €250 million ($267 million) in a green hydrogen and methanol plant in Gijon, Spain.
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White Summit Capital’s green hydrogen subsidiary, HyFive, has made significant strides in advancing sustainable energy infrastructure, securing €28.7 million in financial support for green hydrogen initiatives across Spain and Germany in 2023.
A green hydrogen production plant (up to 237 MW) is currently being planned by Fisterra Energy, Enagás, and White Summit Capital.