HPP advised the French green hydrogen producer Lhyfe in its investment into Flexens Oy Ab, its first transaction in Finland. As a result of the investment, Lhyfe will become the largest shareholder in Flexens with a shareholding of 49%. Based in Helsinki and Mariehamn, Flexens was founded to capitalise on the unique expertise gained from the Smart Energy Åland (SMÅ) research programme and has developed significant capabilities in energy system modelling and project development since 2018. Flexens, which now has 19 people on its staff, aims to become a leader in renewable and green hydrogen and Power-to-X from renewable energy sources. The company is aligned with Finland’s ambitions to become a European leader in Power-to-X.
