Vertex Hydrogen is changing its brand to EET Hydrogen and that it intends to move from being a subsidiary of Essar Oil UK (EOUK) to a sister company of EOUK and become a standalone pillar of the Essar Energy Transition (EET) portfolio. This change is a natural progression in the development of the company from an early-stage idea into the leading H₂ production project in the UK.

EET Hydrogen will provide a platform for growth with an ambition to deliver around 4GW of low-carbon H₂ by 2030, around 40% of the UK Government’s national target. This H₂ will enable businesses to switch from fossil fuels to low-carbon energy, securing and growing vital industries and jobs and unlocking billions of pounds of investment.

Essar founded Vertex Hydrogen Limited (VHL) with Progressive Energy Limited (PEL) in January 2022 as an operating subsidiary held 90% by EOUK. VHL was specifically focused on developing the HPP1 and HPP2 low-carbon H₂ production plants at EOUK’s Stanlow site. These plants are the catalyst for a H₂ economy across the North-West and a central part of the HyNet industrial decarbonization cluster. HPP1 and HPP2 total up to 1,350 MW in size, with HPP1 selected by the UK Government to progress as one of two initial large scale low-carbon H₂ projects. VHL’s direct ownership and focus on HPP1 and HPP2 remain, but under the branding of the EET Hydrogen, which will also develop other H₂ related businesses. VHL and EOUK have a symbiotic relationship on an arms-length basis, and this will remain.

Joe Seifert, CEO of EET Hydrogen, said, “We have made huge progress since launching our H₂ business last year and the natural next step is for EET Hydrogen to become a standalone business to capitalize on the huge opportunities we see. This paves the way for future growth of our H₂ platform as we move from ambition to action.”