German green hydrogen developer HH2E has embarked on a merger and acquisition journey following a call for investment offers after filing for insolvency. HH2E has engaged Earnest & Young to advise on the structured M&A process. The company plans to start by exchanging information with potential bidders, ultimately concluding with submissions of indicative offers. Despite facing challenges due to the withdrawal of funding for its flagship 1GW green hydrogen project, HH2E remains resilient. The company's front-end engineering design has been finalized, and agreements for grid connections, pipelines, electrolysers, and batteries are in place. HH2E is positioning itself as 'FID-ready,' with plans for a second project in Thierbach and other locations in pre-project investment phases. Although funding drives have been impacted by investor hesitancy in the green hydrogen sector, HH2E sees the current situation as an opportunity for growth. The company's co-founder emphasized the perseverance of HH2E, stating that despite challenges, the company has emerged stronger and established itself as a leading player in industrial-scale green hydrogen projects.