Green Energy Park Raises USD30M in Initial Equity Funding
Summary
This initial funding round underscored the interest among a broad range of strategic partners, global offtakers, and financial institutions to commit the resources for building the world-scale hydrogen production and integrated port terminal facilities in Piaui, Brazil. The company has obtained the long-term rights to the hydrogen port terminal facilities in Luis Correia, Brazil. The company was founded in 2023 with the purpose of producing renewable hydrogen in cost competitive locations with an initial focus on the North-East of Brazil. GEP will distribute its green fuels to offtakers in industry and transport with a mission to help decarbonize the hard-to-abate sectors of the economy. Green Energy Park Piaui is the company’s first hydrogen production plant, targeting 10.8 GW of electrolyzer capacity when fully built.