Höegh Evi's Clean Energy Transition: Strategic Ownership Change and Global Energy Security Leadership
Key Ideas
- Morgan Stanley Infrastructure Partners sells 50% stake in Höegh Evi to Igneo Infrastructure Partners, advancing clean energy initiatives.
- Höegh Evi pioneers hybrid Floating Storage and Regasification Units (FSRUs) for LNG and hydrogen imports by 2028.
- The company continues to enhance global energy security by providing critical LNG regasification capacity for countries worldwide.
- Transitioning towards sustainable solutions, Höegh Evi focuses on clean energy infrastructure, CCS, ammonia, and hydrogen sectors.
Morgan Stanley Infrastructure Partners (MSIP) has sold its 50% ownership stake in Höegh Evi Ltd. to Igneo Infrastructure Partners, while the Høegh Family retains the remaining 50%. Höegh Evi, formerly known as Höegh LNG, is a key player in Floating Storage and Regasification Units (FSRUs) and Liquid Natural Gas Carrier (LNGC) vessels. Under MSIP's guidance, the company has shifted its focus to clean energy infrastructure, including innovations in Carbon Capture and Storage (CCS), ammonia, and hydrogen. The strategic sale aims to propel Höegh Evi's growth in the clean energy sector. By rebranding to Höegh Evi, the company signals its commitment to transitioning from fossil fuels and leading the energy transition. The partnership between MSIP and the Høegh Family showcases their shared vision for advancing energy security and sustainable solutions. Höegh Evi's plans to introduce hybrid FSRUs by 2028 will facilitate the concurrent imports of LNG and hydrogen, supporting global energy supply security. This strategic move not only ensures Höegh Evi's continued leadership in energy security but also aligns with the shift towards cleaner energy sources.