Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
Sep 19, 2024 11:01 CESTSolar Invest International SE, the exclusive partner of Enapter AG (FRA:H2O) for the US market, has set up a US subsidiary focused on distributing the German firm’s electrolysers in the US.
Colorado-based Clean H2 Inc will seek to build a sales and service network for Enapter’s products, mostly for its multicore class devices in the megawatt-range, the German manufacturer said in a bourse filing on Tuesday. The newly-established company will supply and install Enapter’s production and will also offer support for all of its German partner’s activities in the US.
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According to the statement, Clean H2 has already secured USD 5.4 million (USD 4.9m) worth of contracts for 2.3 MW electrolysers for use in the heavy-duty and air transportation sectors. Additionally, the company has potential orders in its sales pipeline estimated at EUR 8 million, as of the beginning of May.
Solar Invest became Enapter’s exclusive partner and authorised distributor in the US at the end of 2023.
(USD 1.0 = EUR 0.919)
Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
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