On 4 August, Eneus Energy, a green ammonia project development company, announced a strategic investment from Carlyle and GIC.
In collaboration with Wilson Sonsini Goodrich & Rosati, who served as legal counsel, we acted as special counsel on UK tax, incentives and other matters.
Eneus’ mission is to support the development of the green hydrogen economy. The capital will finance their development of a 14GW+ pipeline to accelerate energy security and decarbonization solutions. The deal gives Carlyle and GIC the ability to invest more than $3 billion in Eneus’ projects in the next five years.
Founded in 2013, Eneus is among a small cohort of first movers for industrial-scale production plants in a global market for green ammonia and/or green hydrogen that is forecast to grow strongly to 2050, as the world’s leading nations execute their “net zero” carbon strategies. Green ammonia is a zero-carbon fuel in its own right, as well as an important, cost-effective storage and transport energy vector for green hydrogen.
For more information, please see Eneus' press release. Additional coverage can be found on Bloomberg.
Our team was led by partner Peter Jackson with support from partners Claire Matthews and Graham Samuel-Gibbon and senior associate Karen Bail and Bridget Winters.
