Green Hydrogen firm H2B2 to go public through $750 mn SPAC agreement
POWER & RENEWABLE ENERGY

Green Hydrogen firm H2B2 to go public through $750 mn SPAC agreement

H2B2 Electrolysis Technologies, a Spanish firm that develops green hydrogen projects and manufactures electrolyzers, has entered into a $ 750 million business combination agreement with RMG Acquisition Corp III, a special acquisition company (SPAC). The deal is subject to the completion of a capital raise of at least $ 40 million, a cashless warrant exchange by RMG III, and approval from RMG's shareholders.

It is expected to be finalised in the latter half of 2023. According to Anselmo Andrade, CEO of H2B2, the deal will help the company strengthen its international business and operational capabilities worldwide. The capital raise will finance H2B2's near-term project pipeline and enable the firm to scale its operations to meet expected demand growth. Natixis Partners Iberia and BCW Securities are leading the capital raise transaction.

H2B2 is expanding in Latin America and the Asia-Pacific region, in addition to its primary focus on the US and European markets.

Also read:
Torrent Power forms TU14 for power generation and trading
Godrej & Boyce expands its portfolio, secures Rs 20 bn


Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

H2B2 Electrolysis Technologies, a Spanish firm that develops green hydrogen projects and manufactures electrolyzers, has entered into a $ 750 million business combination agreement with RMG Acquisition Corp III, a special acquisition company (SPAC). The deal is subject to the completion of a capital raise of at least $ 40 million, a cashless warrant exchange by RMG III, and approval from RMG's shareholders. It is expected to be finalised in the latter half of 2023. According to Anselmo Andrade, CEO of H2B2, the deal will help the company strengthen its international business and operational capabilities worldwide. The capital raise will finance H2B2's near-term project pipeline and enable the firm to scale its operations to meet expected demand growth. Natixis Partners Iberia and BCW Securities are leading the capital raise transaction. H2B2 is expanding in Latin America and the Asia-Pacific region, in addition to its primary focus on the US and European markets. Also read: Torrent Power forms TU14 for power generation and tradingGodrej & Boyce expands its portfolio, secures Rs 20 bn

Next Story
Real Estate

Maharashtra Builders Must Add Waterproof Telecom Centres In Buildings

The Maharashtra Urban Development Department (UDD) has issued a notice (dated 30 September 2024) inviting suggestions and objections regarding a proposed addendum to the Model Building Bye-Laws 2016, issued by the Ministry of Housing and Urban Affairs (MoHUA). The addendum is set to be incorporated into the Development Control and Promotion Regulations – 2034 for Greater Mumbai. Aimed at enhancing digital connectivity infrastructure in Mumbai and its suburbs, the notice calls on architects, developers, and town planners to provide input on the inclusion of Common Telecommunication Infrastru..

Next Story
Technology

Year-End Review 2024: MeitY’s Digital Leap

In 2024, the Ministry of Electronics and Information Technology (MeitY) spearheaded significant initiatives to advance India's digital growth, with a focus on artificial intelligence (AI), cybersecurity, and skill development. These efforts aimed to democratise technology, foster innovation, and cement India's position as a global technology leader. Semiconductor Manufacturing under the Semicon India Programme Several major projects received approval under the Semicon India Programme, marking a pivotal year for semiconductor manufacturing in India: 1. Tata Electronics Private Limited (TEPL)..

Next Story
Infrastructure Transport

Indian Railways to Roll Out Kavach 4.0 For Safer Rail Operations

Indian Railways is advancing efforts to boost safety and operational efficiency by deploying the state-of-the-art Kavach 4.0 automatic train protection system across key routes. The enhanced system, developed in-house, aims to prevent accidents, minimise human error, and ensure seamless train operations. According to officials, all locomotives equipped with earlier versions of Kavach will be upgraded to Kavach 4.0. The North-East Frontier Railway has identified approximately 1,966 route kilometres, stretching from Malda Town to Dibrugarh, for implementation. This initiative is part of a br..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000