Appointment of new Chief Corporate Officer
September 15, 2022
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- Yves Vercammen is an energy commodity markets expert with over 25 years of experience in the sector. Since 2018 he has been Transformation Projects Director at energy infrastructure group Fluxys, focusing on the challenges and opportunities related to the energy transition.
The Board of Tree Energy Solutions (“TES”), a world-scale green hydrogen company with a mission to deliver on a net-zero future by decarbonising the energy chain, is pleased to announce the appointment of Yves Vercammen as Chief Corporate Officer.
Yves Vercammen is an energy commodity markets expert with over 25 years of experience in the sector. Since 2018 he has been Transformation Projects Director at energy infrastructure group Fluxys, focusing on the challenges and opportunities related to the energy transition. Previously he was General Manager for Eni Trading and Shipping, where he was responsible for the global commodity trading activity of the Italian energy major, and was Head of Portfolio Management and Trading as well as Chief Financial Officer at Distrigas.
This senior appointment strengthens TES’ unique, sustainable business model as it aims to accelerate the clean energy transition and make its contribution to energy security. In Wilhelmshaven, TES is building the largest Green Energy Hub in Europe offering a unique model to convert large amounts of renewable electrons from sunny and windy locations into green hydrogen and affordable, renewable gas. The green hydrogen terminal in Wilhelmshaven will serve as the primary entry point for clean, safe, affordable and abundant sustainable energy in Europe, as well as a catalyst for a circular carbon economy. TES will import green hydrogen from its upstream projects in the form of renewable LNG using green hydrogen and circular CO₂.
In July 2022, the company announced the successful fundraising of €65m. The fundraising was backed by a global investor base comprising leading financial institutions such as HSBC and UniCredit as well as international energy corporations. Most recently, TES and global energy players E.ON and ENGIE were selected by the German Federal Ministry of Economics and Climate Protection to jointly develop and implement the fifth Floating Storage Regasification Unit (“FSRU”) in Germany. The FSRU will fast-track TES’ Wilhelmshaven hydrogen terminal which is now scheduled to commence operations in 2025.
Yves Vercammen, Chief Corporate Officer of TES, said: “I am delighted to be joining a company which shares my passion for accelerating the energy transition. Now more than ever there is a need for structural large-scale solutions in order to successfully tackle climate change. I look forward to embarking on this new journey with an industry-leading company such as TES.”
About TES
TES is a global green energy company leading the way in the production of e-NG (electric natural gas derived from green hydrogen). Headquartered in Europe, TES is committed to making reliable and affordable green energy accessible to all by implementing giga-scale projects using a proven, scalable and cost-effective method. With a presence in North America, Middle East, Asia and Australia, the company’s green hydrogen model uses solar and wind energy in low-cost areas with abundant sunlight or wind. The green hydrogen is then combined with climate-neutral CO2 and transformed into e-NG, a renewable molecule, easy to transport and store using existing infrastructure. Through the supply of e-NG to various industries, TES aims to win the climate race ensuring the mass adoption of green molecules across the globe.