TES Secures €140 Million in Funding to Advance Green Energy Projects

Global Investment Fuels Development of Clean-Burning e-NG

Tree Energy Solutions (TES), producer of e-NG (electric natural gas) , announced the successful closing of its third fundraising round, securing €140 million. The investment will fuel TES’s development of green energy production and import projects worldwide.

TES is a frontrunner in the production of e-NG, a clean-burning alternative to natural gas derived from green hydrogen. The company aims to deliver reliable and affordable green energy through large-scale projects.

The fundraising attracted a diverse group of investors, including prominent financial institutions and energy giants like Azimut Group, Fortescue, E.ON, HSBC, O.G. Energy, and Zhero. This signifies the growing global interest in e-NG as a viable solution for decarbonization.

e-NG: A Sustainable Solution

TES’s e-NG is a game-changer. Made by combining green hydrogen with captured carbon dioxide, it’s chemically identical to natural gas but boasts a clean environmental footprint. Existing infrastructure can be used for its transportation and storage, making it a seamless transition for industries and consumers seeking to reduce their carbon footprint.

TES has built strong partnerships with leading energy companies like TotalEnergies, Osaka Gas, and ADNOC. This collaboration allows them to create a robust pipeline of large-scale e-NG projects across North America, the Middle East, Australia, and Europe.

The company is also developing a green energy hub in Wilhelmshaven, Germany. This critical project will facilitate the import of natural gas and e-NG, export of captured CO2, and production of green hydrogen and power, contributing significantly to decarbonizing the German and neighboring energy markets.

Marco Alverà, CEO of TES, expressed his enthusiasm about the successful fundraising. “This is a significant milestone for TES,” he said. “The capital will be instrumental in advancing our e-NG projects upstream and downstream across the globe. Our sustainable model is attracting world-class partners to help us execute our vision.”

The van Poecke brothers, co-founders and co-chairmen of TES, echoed Alverà’s sentiments. They congratulated the team and highlighted the importance of investor support. “We’re grateful for the continued backing of our existing investors and the trust placed in us by new ones,” they said in a joint statement.

With this significant funding and a strong network of partners, TES is well-positioned to revolutionize the energy sector with its innovative e-NG solutions.