# Tree Energy Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tree-energy-solutions-b-v

- Industry: Renewable Energy
- Headquarters: Zaventem, Belgium
- Website: www.tes-h2.com
- Total disclosed funding: $152M
- Latest round: Series C (Apr 5, 2024)
- Investors on record: 9

## About

Founded in 2019 by Marco Alvera and Paul van Poecke, and based in Brussels, Belgium, Tree Energy Solutions B.V. operates as a renewable energy company that produces electric natural gas from green hydrogen suitable for industrial, shipping, and transportation sectors. In April 2024, Tree Energy Solutions B.V. raised EUR 140 million in Series C funding from investor Azimuth Group Corp., with participation from Zodiac Maritime, Zhero B.V., AtlasInvest, Reggeborgh Groep, Fortescue Future Industries, HSBC Bank, E. ON, and OG Energy Services Ltd.. As of May 2024, the company operates from locations in Australia, Canada, Germany, Japan, US, and the Middle East.

TES produces e-NG (electric natural gas) by combining green hydrogen with recycled CO2. The process uses renewable energy from solar and wind sources and serves as a hydrogen-based drop-in fuel. The firm offers alternatives to fossil fuels and helps to decarbonize various industries and scale the hydrogen economy, addressing the challenges of energy transition and reducing global emissions.

## Funding rounds

- Series C, Apr 5, 2024, $152M — HSBC Bank, E.ON, AtlasInvest, Reggeborgh Groep, Azimuth Group Corp., Fortescue Future Industries, OG Energy Services Ltd., Zhero B.V., Zodiac Maritime

## Investors

- HSBC Bank — Series C
- E.ON — Series C
- AtlasInvest (https://capitalatlas.ai/funds/atlasinvest) — Series C
- Reggeborgh Groep — Series C
- Azimuth Group Corp. — Series C
- Fortescue Future Industries — Series C
- OG Energy Services Ltd. — Series C
- Zhero B.V. — Series C
- Zodiac Maritime — Series C