Green hydrogen company H2PLT has officially filed its application to go public on BME Scaleup, the new trading segment of Spain’s stock exchange.
The renewable energy company, founded by well-known entrepreneur Sisco Sapena, also founder and CEO of Lleida.net, expects to raise around 15 million euros in the coming months and plans to ring the bell between December this year and January 2024.
According to Sapena, “Going public on BME Scaleup is a key step in our path towards growth and consolidation of a new ecosystem model in the field of green hydrogen.”
H2PLT has developed a modular and replicable green hydrogen mini-generation ecosystem, which uses hydrogen as a reelectrification vector and in applications in electro-powered stations.
Its business model is based on the sale of hydrogen created by solar energy, its conversion into electricity during the night, and its sale to the wholesale market or through its own network of electro-power stations.
The company focuses on promoting electrified mobility through “H2aX” applications and the development of small photovoltaic plants exclusively for green hydrogen generation.
It uses small PV farms and surplus solar electricity to produce green hydrogen by electrolysis, storing it and converting it into electricity when needed and cheaper.
H2PLT has built, in the past few months, one of the largest electric recharging stations in Spain at the El Pedernoso Solar Park, Cuenca, equipped with 24 connection points.
At El Pedernoso, the company owns 80 hectares in the Spanish province of Cuenca, with access to water and the capacity to house a total of 14 hydrogen mini-generation modules, with plans to produce up to 2.5 tons of hydrogen per day.
At full capacity, this facility will be able to generate 40 MW of electricity, enough to power more than 160,000 people per year.
H2PLT’s application to list on BME Scaleup comes at a time when green hydrogen is being recognized globally as a key pillar of the energy transition and the fight against climate change.
“The production and use of green hydrogen will be fundamental to decarbonize key sectors of our economy such as transportation, industry, and power generation,” said Sisco Sapena, CEO of H2PLT.
Photo of H2PLT
Press release https://is.gd/ttY4Cy
