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.
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.
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.