TES, or Tree Energy Solutions, may consider going public in a few years. That’s what Marco Alverà, CEO of the German hydrogen company, says.
A potential IPO
Successful sales of LNG capacity and long-term contracts for hydrogen have supported the growth of this German company. Marco Alverà, formerly general manager of Italian gas network operator Snam, said:
“In a few years, we might consider a market listing.”
For him, the North American market is the most “interesting” for a group in the energy sector that wants to go public. He comments:
“It’s too early to talk about specifics, but we’re looking at the U.S. with great interest.”
The main activities of TES
According to Alverà, the company is growing through two main activities. He explains:
“We are working today to sell LNG capacity and, in time, to sell hydrogen to get long-term contracts.”
In fact, TES recently announced that it would manage the fifth FSRU in Germany with E.ON Green Gas and Engie.
In Wilhelmshaven, the fifth FSRU could be implemented starting in October or November 2023. Its objective is to create a new entry point to supply gas to Germany. This will allow this European power to wean itself off the Russian gas flows delivered via the Nord Stream 1 pipeline.
In addition to LNG infrastructure management, TES is proposing new technologies involving the use of hydrogen to produce synthetic methane.
A hydrogen supply network could enhance Europe’s energy security at a time when the EU is seeking to reduce its dependence on natural gas pipelines from Russia, but requires investment.
