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CLIMATE IN INFRASTRUCTURE PORTFOLIO
EWE, Germany

OVERVIEW
EWE is a regional utility based in Lower Saxony in northern Germany. It runs a telecom network and an energy business that operates across the value chain, including gas and electricity transmission networks, and power generation consisting of a mix of renewables and conventional generation.

Ardian is the only private shareholder, having acquired a 26% stake in the company in December 2019. EWE is deploying significant efforts to accompany the energy transition, notably via the development of a green hydrogen economy.

Hydrogen can be used in cars, trucks, ships, trains and even aircraft, as well as many industrial processes that are currently highly polluting. It can also store energy produced by renewable power sources.

CHALLENGE
Ardian is determined to support the decarbonization of the energy system in line with the requirements of the Paris Agreement and the EU’s Green Deal. Utilities have a key role to play in this change by phasing out fossil fuels and switching to renewable sources of energy. Investors such as Ardian can help to facilitate these initiatives.

SOLUTION
As part of its first investment in a pilot project, EWE plans to launch hydrogen production and filling stations, which will be used to fuel municipal vehicles such as buses, cars and garbage trucks. Green hydrogen will be key to future decarbonization efforts and EWE is at the forefront and ready to play a major role.

Benoît Gaillochet
Co-Head Infrastructure Europe
"Green hydrogen is now recognized by many stakeholders as a major contributor to achieving CO2 reduction goals. As a result, Ardian expects decisive action by governments that will allow cost competitiveness and boost the energy transition to a low carbon economy. The partnership with EWE strengthens Ardian Infrastructure teamʼs work in forecasting future investments in green hydrogen."
40 %
REDUCTION IN EWE’S SPECIFIC CO2 EMISSIONS FROM ELECTRICITY PRODUCTION FROM 2005 LEVELS
Driver of positive
impact
Driver of positive
impact
Sustainability Report 2020
DRAG
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