Luxcara completed the acquisition of a 74.9% stake in Hamburg Green Hydrogen Hub.

Luxcara, a renewable energy asset manager, completed the acquisition of a 74.9% stake in Hamburg Green Hydrogen Hub, a hydrogen electrolysis project. Financial terms were not disclosed. "We are proud to be an integral part of this pioneering hydrogen project in our home city. Together with Hamburger Energiewerke, we are tackling the transformation of the Moorburg site, including the reuse of existing infrastructure. We are delighted to be able to drive forward the energy transition on our doorstep, not only for the citizens, business and industry of the Hanseatic city, but also for the environment," Philip Sander, Luxcara Managing Director.