Vertex Hydrogen to change brand name to EET Hydrogen
Essar founded Vertex Hydrogen Limited (VHL) with Progressive Energy Limited (PEL) in January 2022 as an operating subsidiary held 90 per cent by EOUK. VHL was specifically focused on developing the HPP1 and HPP2 low-carbon hydrogen production plants at EOUK’s Stanlow site. These plants are the catalyst for a hydrogen economy across the North-West and a central part of the HyNet industrial decarbonization cluster. HPP1 and HPP2 total up to 1,350MW in size, with HPP1 selected by the UK government to progress as one of two initial large-scale low carbon hydrogen 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 hydrogen-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 hydrogen 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 hydrogen platform as we move from ambition to action.”