- Rho Adviseurs has been engaged by Vision Energy, a growing renewable energy facilities developer, to provide specialist studies for environmental impact assessment and policy, process guidance, and spatial planning, all required for the permit applications for Vision’s Green Energy Hub
- Vision Energy’s Green Energy Hub is positioned to be the first terminal in Europe focused on green and low-carbon energy products, and located in the North Sea Port of Vlissingen at the mouth of the Westerschelde estuary
- Vision Energy is focused on governments that support regulatory standards promoting hydrogen production and alternatives to traditional fossil fuels in support of green energy solutions for renewable energy sources
- The green hydrogen market was valued at $450 million in 2021 and is expected to grow at a CAGR of 60% from 2022 to 2030, resulting in a projected value of $119.5 billion by 2030
Vision Energy (OTCQB: VENG), announced that, as of 12/7/22, its ticker symbol has changed from “VIHDD” to “VENG” (OTCQB: VENG), completing previously reported corporate actions of the company. (No action is required by existing shareholders with respect to the ticker symbol change. The company’s common stock will continue to be traded on the OTCQB and the CUSIP will remain unchanged.)
The company also announced that it has engaged Rho Adviseurs, a Netherlands-based firm specializing in spatial planning and permit management, for the company’s pioneering Green Energy Hub development project in the North Sea Port of Vlissingen, the Netherlands (https://ibn.fm/pN1h6). This Green Energy Hub is being designed to provide import, storage, and handling facilities for hydrogen carriers, renewable products, and low-carbon fuels.
Rho Adviseurs has been engaged by Vision Energy to provide specialist studies for the environmental impact assessment and policy, process guidance, and spatial planning to ensure future operations conform to and exceed all required standards. These reports are also required to support the company’s permit applications. Rho Adviseurs employs approximately 150 employees across five offices throughout the Netherlands and has assisted governments and companies in shaping environmental planning and policies.
Vision Energy’s Green Energy Hub is positioned to be the first terminal in Europe focused on green and low-carbon energy products. The Hub is strategically located in the North Sea Port of Vlissingen at the mouth of the Westerschelde estuary. It will be capable of receiving seagoing vessels, barges, and coasters, served by a dedicated deep-water jetty and rail and truck loading infrastructure that will enable direct access to purpose-built storage and handling facilities for low-carbon fuels and hydrogen carriers, including ammonia, methanol, and liquid organics.
Vision Energy’s goal for the future is to secure multiple locations for the planning, development, construction, and future operations of clean hydrogen production facilities. The company is not solely focused on the hydrogen industry but is open to green ammonia and ethanol items.
The company plans to fulfill a growing demand from local and regional off-takers and consumers of hydrogen. The green hydrogen market was valued at $450 million in 2021 and is expected to grow at a CAGR of 60% from 2022 to 2030, resulting in a projected value of $119.5 billion by 2030. Several factors globally are driving the market’s growth, including the growing measures toward decarbonization, government plans and investments facilitating a hydrogen economy, and the adoption of clean fuel alternatives (https://ibn.fm/uxg1G).
Many governments worldwide have established incentives and financial mechanisms to accelerate and promote using hydrogen and other green energy sources as renewable energy. An example of this is the EU, through its European Green Deal, setting an objective to become climate-neutral by 2050, implying the near-total phase-out of fossil fuels in the EU energy system. Many countries are working to put in place subsidy programs for the development of green hydrogen energy facilities in anticipation of these goals.
With the high demand for renewable energy sources, Vision Energy is focusing on countries where government supports a regulatory standard promoting hydrogen production and consumption. Vision Energy is leveraging the market through its Green Energy Hub, already underway in the Netherlands.
For more information, visit the company’s website at https://visionenergy.com/.
NOTE TO INVESTORS: The latest news and updates relating to VENG are available in the company’s newsroom at https://ibn.fm/VENG
ESGWireNews delivers up-to-date information and actionable intelligence on public companies committed to sustainable corporate practices. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), ESGWireNews provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. Environmental, social and governance (ESG) issues aren’t just buzzwords. The growing threat of climate change has moved large investors, like pension funds and insurance reserves, to action and screen investments based on sustainability and environmental impact. ESG criteria are increasingly guiding the investment choices of large institutional investors, and blue-chip companies have taken notice. ESGWireNews aims to uncover the emerging growth companies following their lead. If you’re interested in aligning your values with your investment portfolio, you’re in the right place.
To receive SMS text alerts from ESGWireNews, text “ESG” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.ESGWireNews.com
ESGWireNews is part of the InvestorBrandNetwork