Fluxys Belgium: Sustainable Growth and Expansion in Energy Sector
Key Ideas
- Consolidated net profit rose to EUR 82.1 million in 2024, with proposed dividend unchanged. High-calorific gas switch completed successfully.
- Green Logix's biomethane plant connected to Fluxys network. Fluxys hydrogen leads in operating Belgium's hydrogen transmission network.
- Belgium's role as an essential energy hub in NW Europe reinforced. Efforts towards ESG targets and industry decarbonisation showcased.
- Investments in property, equipment focus on efficiency. Cross-border hydrogen partnerships with Luxembourg, France, and Germany advancing.
Fluxys Belgium reported a positive financial year in 2024, with a consolidated net profit increase to EUR 82.1 million. The company proposed a gross dividend of EUR 1.40 per share, maintaining the previous year's level. The successful completion of the switch to high-calorific gas marked a milestone in energy supply. Green Logix's biomethane plant directly connected to the Fluxys network, contributing to renewable energy efforts. Fluxys hydrogen's appointment as the operator of Belgium's hydrogen transmission network aligns with the country's low-carbon energy strategy. Belgium's position as an energy hub in NW Europe was underscored by efficient operational practices and adherence to ESG targets. Investments in property and equipment focused on enhancing efficiency, with a significant portion dedicated to transmission-related projects including hydrogen infrastructure. Collaborations with Luxembourg, France, and Germany in the HY4Link project aim to establish cross-border hydrogen connections, facilitating industry decarbonisation and promoting sustainable energy practices in the region.
Topics
Europe
Renewable Energy
Infrastructure
Financials
Efficiency
Industry Decarbonisation
Energy Hub
Cross-border Cooperation
ESG Targets
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