Norwegian Hydrogen acquires Finnish hydrogen refueling company HydRe Oy
2/3/2023
Targeting heavy trucks They both target the heavy truck segment, and while HydRe's stronghold is Finland and with some promising leads in the Baltics, Norwegian Hydrogen currently have numerous projects in Sweden, Denmark and Norway. The founders stay on HydRe was established by three founders in 2021 as a spin-off of Flexens Oy Ab, a Finnish project developer and investor focused on flexible energy solutions. Flexens saw HydRe's hydrogen refueling station networks as a great opportunity, as global interest in green hydrogen is snowballing. With the exit from HydRe, Flexens fulfills its role as a spin-off incubator. The three founders of HydRe all have experience from the biogas industry