European Energy launches e-methanol production and posts strong results

European Energy has begun commercial e-methanol production in Denmark and reported an EBITDA of €45.9mn, while accelerating its international expansion, particularly in Australia.

Partagez:

European Energy began 2025 with strong financial results and a major industrial milestone. The Danish company produced its first tonnes of e-methanol using renewable electricity at its Kassø site in southern Denmark. The plant has an annual capacity of 42,000 tonnes and began commercial deliveries immediately after the end of the first quarter. This is the first e-methanol certified under the ISCC EURFNBO standard.

Financial results driven by project divestments

In the first quarter, European Energy reported EBITDA (earnings before interest, taxes, depreciation and amortisation) of EUR45.9mn ($49.6mn). Profit before tax reached EUR35.3mn ($38.2mn), largely driven by project divestments in the United States and Denmark. The company maintains its full-year forecast between EUR200mn and EUR300mn ($216mn to $324mn). Energy sales came in below expectations due to weaker-than-average wind resources in Central Europe and subdued market prices.

The construction portfolio reached 1,219 megawatts (MW) at the end of the quarter, up from 1,151 MW at the end of the previous year. Total electricity production amounted to 496 gigawatt hours (GWh), mainly from Denmark, Brazil, Poland, Germany and Sweden.

Australian expansion and asset digitalisation

European Energy has expanded its international footprint with the inauguration of the Mokoan Solar Park, with a capacity of 58 MW, in Victoria, Australia. This project marks the company’s first solar plant built in the country, where its portfolio now totals 9 gigawatts (GW). Australia is now seen as a strategic growth area.

The company reported ongoing investment in digitalisation, with data-driven management systems to optimise the performance of its energy assets. This development aligns with a strategy aimed at maximising operational returns in a fast-evolving energy market.

Stronger positioning in European markets

All revenue generated by European Energy in the first quarter derived from activities aligned with the European Union’s taxonomy, in line with EU objectives for climate change mitigation. This regulatory compliance represents an advantage in a context of increasing support for electrification and energy independence through the EU’s Clean Industrial Deal.

Despite global trade tensions, particularly with the United States, the company reported that its core markets – Europe and Australia – remain unaffected. Components are procured at global market prices without specific import tariffs.

“Producing our first e-methanol from renewable electricity is a tangible step forward in developing alternative fuels,” said Jens-Peter Zink, Deputy CEO of European Energy.

The Polish energy group ORLEN receives a non-repayable grant of €382 million from the National Recovery Plan to finance its renewable and low-emission hydrogen production initiatives.
Georgia Power and Mitsubishi Power announce successful completion of an unprecedented test incorporating 50% hydrogen into an advanced gas turbine, reducing CO2 emissions by 22% compared to natural gas alone.
Neoenergia has begun construction of one of Brazil's first green hydrogen plants, aimed at supplying heavy and light vehicles, with an investment exceeding 30 million Brazilian reais ($5.99mn).
The SA-H2 fund, supported by international partnerships and local institutional backing, mobilises 37 million USD to develop export-oriented green hydrogen from South Africa, with an initial concrete project announced.
Turbotech reports successful combustion testing of a hydrogen turboprop, developed through digital simulation with Ansys, marking an industrial milestone in light aircraft using alternative fuel.
France Hydrogène responds to the Cour des Comptes report published on June 5, criticising an incomplete reading of updated targets and the economic impacts of decarbonised hydrogen development.
The Belfort Commercial Court has opened a judicial reorganisation procedure for McPhy, while a renewed call for tenders for its asset sale is now set to close on 13 June.
Plug Power CFO Paul Middleton acquired 650,000 shares on the market, affirming his support for the long-term strategy of the hydrogen-focused company.
The Canadian government is funding an initiative to support 40 SMEs in British Columbia’s hydrogen sector, aiming to increase foreign investment and expand international market share.
Developer CWP Global has paused its $40 billion AMAN project in Mauritania due to a lack of buyers for green ammonia despite favourable local conditions.
A study reveals that the profitability of African green hydrogen exports to the European Union depends on political support from Europe, despite the abundance of ongoing projects on the continent.
Plug Power expands its partnership with Allied Green through a new 2 GW electrolyzer deal tied to a $5.5bn chemical plant in Uzbekistan.
Stargate Hydrogen launches 140 MW factory in Estonia with modular expansion model amid cautious hydrogen investment climate.
The European Commission is considering legal action over RED III delays, as regulatory uncertainty slows renewable hydrogen projects and Union-wide investment.
The Cour des comptes warns of the gap between France’s hydrogen ambitions and the reality of funding and available industrial capacity.
Ballard Power Systems will supply 12 fuel cell modules to Sierra Northern Railway to convert three diesel locomotives into hydrogen-powered units. Delivery is expected during 2025.
Vallourec announces the official qualification of its vertical hydrogen storage solution Delphy by DNV, marking a decisive step towards the commercialisation of this innovative technology.
Chinese group Envision Energy has signed a strategic agreement with Marubeni to supply green ammonia, marking a major milestone in energy trade between China and Japan.
HDF Energy signed two protocols with Indonesian public partners to support the financing and deployment of 23 green hydrogen power plants during Emmanuel Macron’s state visit to Jakarta.
Plug Power’s plant in Georgia reached a record output of 300 tonnes of liquid hydrogen in April, marking a key milestone in the company’s industrial deployment of its GenEco electrolyser technology.