AM Green BV Expands Holdings in Greenko Energy for Future Green Molecules
Key Ideas
  • AM Green BV acquires a 17.5% stake in Greenko Energy Holdings from ORIX Corporation, planning to increase ownership to 25% by July 2025.
  • ORIX invests in a convertible note issued by AM Green Lux, aligning with the focus on green hydrogen, ammonia, SAF, and other sustainable energy sources.
  • The partnership aims to enhance Greenko's position in renewable energy, focusing on the development of a massive 'Intelligent Energy Storage Cloud Platform' by 2030.
  • Key highlights of the acquisition include plans for significant capacities of green ammonia, green hydrogen, low carbon caustic soda, SAF, ethanol, and bio-based products using Chempolis tech.
AM Green BV, through its subsidiary AM Green Power BV, has acquired a 17.5% equity stake in Greenko Energy Holdings from ORIX Corporation, with plans to increase its ownership to 25% by July 2025. ORIX has also agreed to invest in a convertible note issued by AM Green Lux, expanding its exposure to green hydrogen, ammonia, SAF, and other next-gen molecules. Anil Chalamalasetty, Founder and CEO of AM Green, views this acquisition as a significant step towards establishing a fully integrated and scalable green energy platform. The partnership with ORIX deepens AM Green's integration with Greenko, India's prominent renewable energy company. Greenko is set to develop the world's largest 'Intelligent Energy Storage Cloud Platform' with over 100 GWh of daily storage capacity by 2030. The acquisition includes plans for a 25% stake in Greenko, along with significant capacities for green ammonia, green hydrogen, low carbon caustic soda, SAF, ethanol, and bio-based high-value products utilizing Chempolis technology.
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