HD Hyundai KSOE's subsidiary, HD Hydrogen, has invested 72 million euros to acquire a majority stake in Finland's fuel cell technology leader, Convion Oy, strengthening its position in the renewable energy sector.

Information on the Target

Convion Oy is a prominent fuel cell technology company based in Finland, recognized for its innovative solutions in clean energy applications. The company specializes in the development and commercialization of fuel cell systems, which are crucial for producing renewable energy with low environmental impact. By focusing on advanced technologies, Convion aims to lead the industry in the transition towards sustainable energy solutions.

With a robust portfolio of patents and proprietary technologies, Convion Oy stands out as a key player in the European renewable energy landscape. The firm’s advanced fuel cell offerings not only enhance energy efficiency but also contribute to significant reductions in greenhouse gas emissions, aligning perfectly with global sustainability goals.

Industry Overview in Finland

The renewable energy sector in Finland has been experiencing significant growth recently, driven by increasing demand for sustainable energy solutions and supportive governmental policies.