EnergyWatch

European Energy buys minority stake in PtX group

The Danish project developer buys a minority equity position in Reintegrate and can thereby add PtX to its offerings right away. European Energy is already eying new facilities both domestic and foreign, says CEO.

Photo: Gregers Tycho/ERH

European Energy has caught itself a ride on the Power-to-X wave through buying 24 percent of e-methanol maker Reintegrate's equity. The latter will produce electrofuels from a plant in Northern Denmark's Skive in cooperation with electrolysis supplier Green Hydrogen Systems.

The purchase takes the form of double-digit investment sum in DKK millions, European Energy Chief Executive Knud Erik Andersen tells EnergyWatch.

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