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

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..