Following its acquisition by German fund Mutares, Efacec has withdrawn from the H2 Driven Green Agenda and is now fully focused on the Alliance for Energy Transition (ATE), where it remains the lead entity. The exit from H2 Driven is not yet officially confirmed by IAPMEI, but market disruptions and strategic realignment drove the decision. Some ATE projects were also reassigned to other consortium partners.
Efacec submitted project adjustment requests to IAPMEI in June 2023, but no official response has been received, delaying implementation—particularly for research institutions that cannot proceed without formal approval. Despite this, Efacec expects that by July 2025, approximately 55% of PPS (products, processes, services) will reach significant levels of completion. Several initiatives already show tangible results, such as an electric retrofit of a Toyota Land Cruiser, energy management solutions for residential buildings, and pilot projects with CP and Carris.
The ATE initiative involves around 80 entities and has grown from 45 to 60 PPS following the PRR rescheduling. An association was created in late 2023 to manage the agenda and communicate results. Efacec is also considering participation in other national funding programs like STEP and Portugal 2030.
The ATE agenda plays a strategic role for Efacec as it updates its product portfolio, supports innovation in competitive sectors like transformers and energy systems, and strengthens its export positioning.
Related News