Green Hydrogen firm H2B2 to go public through $750 mn SPAC agreement

16 May 2023 CW Team

H2B2 Electrolysis Technologies, a Spanish firm that develops green hydrogen projects and manufactures electrolyzers, has entered into a $ 750 million business combination agreement with RMG Acquisition Corp III, a special acquisition company (SPAC). The deal is subject to the completion of a capital raise of at least $ 40 million, a cashless warrant exchange by RMG III, and approval from RMG's shareholders.

It is expected to be finalised in the latter half of 2023. According to Anselmo Andrade, CEO of H2B2, the deal will help the company strengthen its international business and operational capabilities worldwide. The capital raise will finance H2B2's near-term project pipeline and enable the firm to scale its operations to meet expected demand growth. Natixis Partners Iberia and BCW Securities are leading the capital raise transaction.

H2B2 is expanding in Latin America and the Asia-Pacific region, in addition to its primary focus on the US and European markets.

Also read:
Torrent Power forms TU14 for power generation and trading
Godrej & Boyce expands its portfolio, secures Rs 20 bn

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..