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Eneco buyout may lead Rotterdam hydrogen push for Mitsubishi

A highly significant Netherlands energy firm Eneco, has fallen into the control of Mitsubishi Corporation this week, in a €4.1 billion deal which also involved Chubu, the third largest Japanese energy supplier, which took a 20% share, in an all cash deal. Eneco is a spin out, triggered by a law change in 2006, and completed in 2017, into a grid operator which continues as Stedin NV, and energy generator Eneco Groep NV. As soon as that was complete, the 53 Netherland municipalities which owned it, began to get agitated its value potentially falling. They felt that the energy market was rife with change, and did not want to jeopardize the value they had built up in Eneco, worried about…

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