Hydrogenious has realigned its team structures and shifted its corporate focus to flagship projects such as the industrial-scale LOHC hydrogenation plant at Chempark Dormagen in Germany, and the IPCEI (important project of common European interest) green hydrogen at Blue Danube in the Danube region, Europe.
Daniel Teichmann, the company’s founder and former sole CEO, will become executive chairman of the board of directors. In this role, he will continue to work full-time for the company, focusing on its long-term strategic direction and financing, as well as representing the company to policymakers, investors and the public.
Andreas Lehmann, previously the company’s chief strategy officer, takes over the position of chief executive officer and will drive forward the company’s operational strategy, public affairs and corporate functions.
As chief technology officer, Caspar Paetz will focus on the further development and optimisation of the LOHC technology by overseeing research, development and implementation as well as innovation, both for technology and organisation.
Hydrogenious has also brought on board Stefan Buerkle as the new chief operating officer. He will oversee Hydrogenious’ operational business throughout the complete lifecycle of the company’s LOHC assets from business and project development to EPC and including plant operations.
In a recently completed financing round, AP Ventures, Temasek, Winkelmann Group, Covestro, Chevron Technology Ventures and Anglo American Platinum continue to support Hydrogenious as shareholders. In total, the investors have contributed over €17 million, which will be used to support the implementation of the planned projects and the further scaling of the technology.
Daniel Teichmann, executive chairman of the board says: ‘Thanks to the conceptual and financial support of our investors, we have now been able to realign key elements of our organisation and create the basis for a long-term and future-oriented positioning of our company, which will enable us to successfully implement important projects. We firmly believe that LOHC technology will continue to be indispensable for the necessary decarbonisation of industry and energy transition.’
Kevin Eggers, founding partner of AP Ventures adds: ‘We believe that Hydrogenious and its innovative LOHC technology are critical to enabling the hydrogen economy and that the company is well positioned to meet the challenges of the future. We are pleased to have our co-investors alongside us. We are looking forward to supporting their future growth.’
