Norton Rose Fulbright Facilitates Launch of NeuVentus for Clean Hydrogen Infrastructure in North America
Key Ideas
- Norton Rose Fulbright assisted in an equity financing deal for Lotus Infrastructure Partners to establish NeuVentus, a new platform for clean hydrogen pipeline transportation and salt cavern storage.
- NeuVentus aims to support the energy transition in North America by providing services for clean hydrogen and its derivatives like ammonia and methanol, with a focus on the Texas Gulf Coast region.
- The projects developed by NeuVentus will offer fee-for-service transportation and storage, crucial for advancing the adoption of hydrogen as an energy carrier and fuel.
- The deal team from Norton Rose Fulbright, led by Becky Diffen and Geetika Jerath, collaborated to bring this initiative to fruition with a strategic focus on clean energy infrastructure.
Norton Rose Fulbright played a key role in facilitating an equity financing deal for Lotus Infrastructure Partners to establish NeuVentus, a new platform dedicated to clean hydrogen infrastructure in North America. NeuVentus will focus on pipeline transportation and salt cavern storage of clean hydrogen, positioning itself as a significant player in the supply chain for clean hydrogen derivatives like ammonia and methanol. The initiative will also extend its services to industries requiring transportation and storage solutions for industrial gases. With a strategic decision to kickstart projects in the Texas Gulf Coast region, NeuVentus aligns with the area's increasing demand for clean energy solutions. By offering fee-for-service transportation and storage options, NeuVentus aims to drive the broader adoption of hydrogen as a sustainable energy source. Led by a dedicated team from Norton Rose Fulbright, including Becky Diffen, Geetika Jerath, and others, the initiative exemplifies a significant step towards advancing clean energy infrastructure in the region.
Topics
North America
Renewable Energy
Energy Transition
Pipeline Transportation
Industrial Gases
Salt Cavern Storage
Texas Gulf Coast
Equity Financing
Clean Hydrogen Derivatives
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