JLEN makes first foray into green hydrogen with German deal

Environmental infrastructure fund JLEN has made its first investment into the green hydrogen sector with the acquisition of a 33% equity stake in Foresight Hydrogen for up to €5.7m.

FH holds a 75% stake in HH2E Werk Thierbach, a special purpose vehicle which owns the development rights to the Thierbach green hydrogen project, near Borna in Germany, capable of producing around 6,000 tonnes of green hydrogen a year, JLEN said in a statement.

Green hydrogen will be produced through electrolysis powered by renewable electricity. The project will also integrate battery storage.

Reporting by Frank Prenesti for Sharecast.com