Tree Energy Solutions (TES), a global green energy company leading the way in the production of eNG (electric natural gas derived from green H₂) with a mission to deliver reliable and affordable green energy through giga-scale projects, announced it has successfully concluded its third fundraising round at €140 MM.

This new capital will be used to develop TES’ global portfolio of green energy production and import projects. The fundraising attracted a global investor base comprising leading financial institutions and energy investors, including Azimut Group, Fortescue, E.ON, HSBC, O.G. Energy, Zhero and others.

eNG is a H₂-based green molecule chemically identical to natural gas and obtained by combining green H₂ with biogenic or recycled CO₂. eNG is easy to transport and store using existing infrastructure and is a true drop-in green solution for industry and customers looking to decarbonize.

TES has developed strategic partnerships with a number of leading energy companies, including TotalEnergies, Osaka Gas, Toho Gas, Tokyo Gas, Fortescue and ADNOC, to create a leading pipeline portfolio of large-scale eNG projects across North America, The Middle East, Australia and Europe.

TES is also developing a green energy hub in the German port of Wilhelmshaven. The hub is a significant element in TES’ commitment to decarbonize the German and neighboring energy markets by facilitating the import of natural gas and eNG, export of CO₂ and production of green H₂ and green power.

Marco Alverà, Co-founder and CEO of TES said, “We are excited to announce this significant new milestone. The fundraising is an important step on our journey to deliver affordable eNG and H₂. This newly raised capital will be used to advance the development of our upstream and downstream eNG projects internationally. Our sustainable business model has attracted world-class strategic and financial partners to continue executing on our projects.”

Marcel and Paul van Poecke, co-founders and co-chairmen of TES said, “Congratulations to Marco and team for continuing the successful execution of our plan. We are delighted to be well supported by our existing investor base and to have attracted new, well regarded, investors who share our vision for the company.”

MW&L Capital Partners acted as the exclusive financial advisor and placement agent to TES. Burggraaf & Hoekstra acted as the legal advisor to TES.