Alsa and Renta 4 acquire stakes in ARIEMA, spain’s first company specialising in hydrogen
Madrid, 24 May 2023-. Renta4Banco, as a bank specialising in investments, was a pioneer in hydrogen investment when it launched the Megatrends Hydrogen Investment Fund in early 2020, advised by Ariema.
By acquiring a stake in Ariema, it confirms its firm commitment to investing in this type of alternative energy and to supporting the capitalisation of the sector, which is just as essential to its development as it has been for solar and wind energy. Expectations of enormous growth in green hydrogen production will require substantial financial resources from both the public and private sectors, as well as a structure capable of financing companies and facilities, together with the trading of hydrogen itself and the products and services associated with it.
Alsa, the sustainable, multimodal and connected mobility company leading the transition towards zero-emission fleets in Spain, is a pioneer in the operation of hydrogen buses in the country. By acquiring a stake in Ariema, Alsa will be able to benefit from Ariema's experience in developing hydrogen solutions.
It will also enable Alsa to participate in advanced R&D and deployment projects, as well as providing preferential access to the electrolysers manufactured by Ariema using its own technology.
About Ariema
Ariema, a Spanish company founded more than 20 years ago, provides consultancy services and specialised hydrogen training, and manufactures electrolysers that enable hydrogen to be produced using renewable energy.
It is currently carrying out nine R&D projects, with a combined budget of more than €20 million, aimed at improving performance and increasing the capacity of its electrolysers to megawatt scale.
With Alsa and Renta 4 joining its shareholder base, Ariema is strengthening its own financial resources to complement the funding of its R&D activities and its new electrolyser factory project, while also boosting the growth of its consultancy and training services and supporting the international expansion already under way.