BalticHydrogenGroup OU (BHG), a fully integrated green hydrogen production and distribution company in the Baltics, is proud to announce the successful completion of a partial seed round investment from HelioFidem UK Ltd., a UK-based renewable energy company specializing in solar energy and battery energy storage systems (BESS). This strategic investment, structured as a convertible loan note, was finalized earlier this month and marks a significant milestone in BHG’s mission to establish a robust hydrogen infrastructure across the Baltic region.
The partnership with HelioFidem will enable BHG to accelerate the development of its hydrogen production and distribution network, beginning with the Proof of Concept at Berze Mill, a historical water mill with an operational hydropower station and a planned photovoltaic park. This initial phase will include small-scale hydrogen production, which will pave the way for BHG’s ambitious hydrogen valley project in Latvia in collaboration with other local stakeholders. These projects, aimed at creating sustainable alternative fuel sources, are aligned with BHG’s broader goal of fostering a cleaner, net-zero future through renewable energy. By leveraging HelioFidem’s expertise and resources, both companies are positioned for mutual growth and expansion into new verticals within the renewable energy sector.
This initial investment is a critical steppingstone that will facilitate the onboarding of subsequent rounds of funding necessary for the further development of BHG’s projects. It will also contribute to the maturation of project initiatives across the Baltic countries, ensuring that BHG is well-positioned to lead the region’s transition to a green economy, providing substantial environmental benefits and new economic opportunities.
With commitments from key stakeholders and this new financial backing, BHG is well-equipped to realize its vision of transforming the Baltic region into a hub for sustainable hydrogen energy.
———-
About HelioFidem
Founded in 2021, HelioFidem Group is a renewable energy development and investment organization focused on utility-scale solar PV and battery energy storage systems (BESS) in the UK, Europe, and USA. The team brings together over 50 years in collective renewables experience, and has an active development portfolio of 900+ MW globally.
Building on early successes in its home markets of the UK and USA, HelioFidem has expanded to Ireland in 2023 and Sweden in 2024, where it is actively developing pipelines with its local partners.
HelioFidem is committed to a holistic view of the global renewable energy transition. From its foundation in solar and battery storage, the Group is also growing a portfolio of strategic investments and activities in complementary technologies and solutions – including biomass, carbon credit certification management & trade, and most-recently green hydrogen.
———-