DIF Capital Partners has teamed up with Virya Energy to buy a majority stake in a Netherlands-based green hydrogen developer.

DIF, which is making the investment on behalf of its DIF Infrastructure VI fund, said it has partnered with Belgian renewable energy firm Virya to buy the stake in VoltH2 for an undisclosed amount.

André Jurres, VoltH2’s founder and managing director, will retain a “meaningful share” in the company.

VoltH2 focuses on the design, development, construction and operation of green hydrogen facilities in Europe. The company’s first two production facilities are currently being developed in Vlissingen and Terneuzen in the Netherlands. Both are expected to be operational in 2025.

DIF said the partnership’s investment will help VoltH2 realise its first green hydrogen production facilities in the near future and further expand the pipeline.

“This investment attests to the confidence in green hydrogen and in the growth of VoltH2, said Jurres.

“With the involvement of DIF Capital Partners and Virya Energy, we can anchor VoltH2 locally as well as internationally, achieve our ambitions and play a crucial role in the European energy market and energy transition.”

Gijs Voskuyl, a partner at DIF Capital Partners, said: “We expect a significant demand increase for green hydrogen in the short and medium-term. As an investor with a strong footprint and ongoing focus within the energy transition space, we aim to play a role in this fast-growing and capital-intensive market and believe VoltH2, as well as Virya Energy, are excellent partners to realise these ambitions.”

To read the latest edition of the latest IPE Real Assets magazine click here.