The Company
Hellenic Hydrogen S.A. is active in the development and implementation of renewable hydrogen production projects. The company was founded in January 2023 and is a strategic joint venture between two major energy groups, Motor Oil and PPC. In this joint venture, Motor Oil holds 51% of the share capital and PPC 49%.
At the top of Hellenic Hydrogen’s business and strategic planning is the development and implementation of projects that accelerate the energy transition and promote green transformation. In this context, our company is launching renewable hydrogen production projects in Greece, leveraging the experience, expertise and potential of its shareholders in the growing renewable hydrogen production and distribution platform. Through the development of its projects, Hellenic Hydrogen aspires to make a decisive contribution to the sustainable energy transition in Greece and to pioneer the creation of a renewable hydrogen economy that will transform the country into a major energy hub in the wider region.
Contribution to the energy transition
Development of technologically advanced projects
Development of the renewable hydrogen market in Greece and the wider region
The shareholders
Motor Oil
Motor Oil is a Greek – multinational Group with more than 100 companies, founded in 1972. For more than 50 years, it has been producing reliable and affordable energy products and services, investing in a more sustainable energy future, promoting the progress and safety of more than 3,000 employees and contributing to the development and well-being of society.
The Group operates one of the most complex oil refineries in Europe. It is also one of the leading fuel suppliers and traders in the region, operating networks of more than 1,500 service stations throughout Greece, Cyprus and the Western Balkans.
It creates sustainable and affordable energy by operating a scalable and rapidly growing renewable energy portfolio. It is also one of the leading providers of electricity, energy efficiency and electrification services in Greece.
Finally, it is investing in a circular future, which is why it has created a diversified circular economy platform, which is active in solid waste and wastewater management, bio-waste collection, recycling, energy from waste, as well as lubricant regeneration.
PPC
Public Power Corporation is the leading energy company in Southeastern Europe, with activities in the production, distribution, and sale of advanced energy products and services in Greece, Romania, and North Macedonia.
PPC’s production capacity amounts to 11.5 GW, with thermal, hydroelectric, and Renewable Energy Sources (RES) facilities, generating approximately 21 TWh of energy annually. The total Regulated Asset Base in its distribution networks is around €4.3 billion. The PPC Group is the largest electricity supplier in Greece and Romania, serving 8.8 million customers with around 33 TWh of energy, offering a wide range of energy products and services.
The PPC Group’s Strategic Transformation Plan is based on three main pillars: a) a clean and flexible portfolio of generation units, with the promotion of investments in RES and the de-carbonization of its activities through the accelerated retirement of lignite units,
(b) modernizing the distribution network through the implementation of new technologies in all Group activities and (c) providing retail services by placing the customer at the centre of its commercial activity. PPC was founded in 1950 and has been listed on the Athens Stock Exchange since 2001.
