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Vision Hydrogen Corporation (OTCQB: VIHD) has acquired a 100% interest in a 14 Ha port development project in Vlissingen, Netherlands, aimed at storing and distributing low carbon and renewable fuels, including hydrogen carriers. The project positions the company to be a leader in Europe's renewable fuel terminal market. Acquired by the Swiss subsidiary VisionH2 Holdings AG for USD $3.5 million in cash and 1.5 million shares, the terminal is designed for liquid bulk storage with a capacity of approximately 600,000m³ and is expected to receive construction permits by Q1 2023.
Vision Hydrogen Corporation (OTCQB:VIHD) announced the successful sale of its interests in the Vlissingen and Terneuzen green hydrogen projects to Volt Energy BV for USD $23,627,274. The deal consists of USD $11,250,000 in cash and 1,768,182 shares of VIHD stock, resulting in an 8.3% reduction of outstanding shares. The sale marks a significant return on a prior investment of USD $2,150,000 in these projects. CEO Andrew Hromyk highlighted this as part of a strategy to fund future growth and develop numerous hydrogen projects across Europe.
Vision Hydrogen Corporation (OTCQB: VIHD) announced the approval of permits for a 25 MW Green Hydrogen Plant in the North Sea Port of Terneuzen, Netherlands. This facility, developed by its subsidiary VoltH2 in collaboration with Virya Energy, positions the company to scale production up to 75 MW. Initial output is projected at 3.5 million kilograms of green hydrogen annually, with potential scaling to 10.5 million kilograms. Development costs are estimated between €35 - €40 million. The project is strategically located near significant energy infrastructure, supporting future hydrogen transport and usage.
Vision Hydrogen Corporation (OTCQB:VIHD) has finalized its acquisition of VoltH2 Holdings AG, a key player in clean hydrogen production in Western Europe. This acquisition grants Vision Hydrogen 100% ownership of VoltH2, valued at $40 million, enhancing its capacity in the hydrogen market. VoltH2 has advanced projects in the Netherlands, including a 25MW electrolyser plant with scalability up to 175MW. Strategic appointments of Andrew Hromyk and Andre Jurres as Co-CEOs aim to leverage their extensive experience in energy and development, aiming to boost the company's growth in the hydrogen sector.
Vision Hydrogen Corporation (OTCQB:VIHD) announces significant developments at its 15.9%-owned subsidiary, VoltH2, which has expanded its management team to enhance growth in green hydrogen production. The core engineering and commercial team has grown to 10 professionals, with plans to double recruitment by Q2 2022. VoltH2 has secured permits for an electrolysis plant in Vlissingen, Netherlands, and is progressing on projects across Western Europe. The company aims to support local industries in meeting environmental goals with its green hydrogen production capabilities.
Vision Hydrogen Corporation (OTCQB:VIHD) announced that its partner, VoltH2, has secured building and environmental permits for a large-scale green hydrogen plant in the Benelux Region. This facility, situated in North Sea Port of Vlissingen, will have a capacity of 3,500 tons of green hydrogen annually, expandable to 14,000 tons. Additionally, VoltH2 is advancing permits for a second plant in Terneuzen. These projects aim to enhance green hydrogen production and support the emerging hydrogen infrastructure in Europe.
Vision Hydrogen Corporation (OTCQB:VIHD) announced that VoltH2, in which it holds a 17.5% stake, has signed a cooperation agreement to build a green hydrogen production plant in Terneuzen, Netherlands. The facility will feature a 25MW electrolysis unit, capable of producing 3,600 tons of green hydrogen annually, with distribution capabilities to supply local filling stations. The site is designed for future expansion and is strategically located for access by road, rail, and waterways.
Vision Hydrogen Corporation (OTCQB-VIHD) has appointed Michael A. Doyle and Charles F. Benton to its board of directors. Doyle brings over 25 years of leadership experience from Comcast Corporation, where he was the President of a major division. Benton has over 30 years of experience in finance and operations, previously leading distribution services for Ascena Retail Group and working at CONRAIL. CEO Andrew Hidalgo expressed confidence that their expertise in corporate governance will enhance the company's growth and facilitate a future NASDAQ up listing.
Vision Hydrogen Corporation (OTCQB-VIHD) has released a progress report on its investment in VoltH2, a developer of green hydrogen infrastructure in Europe. VoltH2 has engaged Sweco to design two scalable 25MW green hydrogen plants in the Netherlands, with the potential to expand to 100MW. These facilities will leverage local renewable energy sources, aligning with the EU’s goal of 6GW of renewable hydrogen by 2024 and 40GW by 2030. Vision Hydrogen holds a 17.5% interest in VoltH2, highlighting its commitment to the hydrogen economy.