Green Hydrogen firm H2B2 to go public through $750 mn SPAC agreement
POWER & RENEWABLE ENERGY

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

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


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 tradingGodrej & Boyce expands its portfolio, secures Rs 20 bn

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?