Vertex Hydrogen to change brand name to EET Hydrogen
Vertex Hydrogen is changing its brand to EET Hydrogen and that it intends to move from being a subsidiary of Essar Oil UK (EOUK) to a sister company and become a standalone pillar of the Essar Energy Transition (EET) portfolio. This change is a natural progression of the company from an early-stage idea into a leading hydrogen production project with supply agreements with Encirc and NSG in northwest England.
EET Hydrogen will provide a platform for growth with an ambition to deliver around 4GW of low carbon hydrogen by 2030, around 40% of the UK Government’s national target. This hydrogen will enable businesses to switch from fossil fuels to low carbon energy, securing and growing vital industries and jobs and unlocking billions of pounds of investment.
Joe Seifert, CEO of EET Hydrogen, said: “We have made huge progress since launching our hydrogen business last year and the natural next step is for EET Hydrogen to become a standalone business to capitalise on the huge opportunities we see. This paves the way for future growth of our hydrogen platform as we move from ambition to action.”