Annual Report

With Fluxys we transport today’s energy while building tomorrow.

As an essential infrastructure partner, we are pioneering for an efficient and reliable energy system. To shape a sustainable future, we integrate flows of renewable and low-carbon molecules and captured CO₂ streams.

With our infrastructure, we lay the foundation for the market. For consumers, producers, and suppliers. Infrastructure that helps us transition to a carbon-neutral society. Infrastructure that we develop at the pace of the market, open to as many sources as possible for the strongest possible supply security.

Our colleagues are at the heart of this transformation. They shoulder the hybrid energy future in which renewable and low-carbon molecules and electricity optimally combine with the capture and reuse or storage of CO₂.

Tirelessly, we work with our teams to write the story of tomorrow. With every project and every innovation, we proudly say #HiToTheFuture.

Join us on this exciting journey and say #HiToTheFuture with us!

A year filled with milestones

Crucial role in Europe’s energy supply

As in previous years, our teams throughout Europe made every effort to best contribute to security of supply. Natural gas ﬂows in North-West Europe still predominantly ﬂow from west to east.

In Belgium, we continued to transport large volumes to Germany, and in Germany our infrastructure carried signiﬁcant volumes inland.

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Fluxys Deutschland acquires 25% stake

in the Ostsee Anbindungsleitung (OAL)

Fluxys Deutschland acquired a 25% stake in the Ostsee Anbindungsleitung (Baltic Sea Connection Pipeline, or OAL) operated by German system operator GASCADE. The OAL is a 50-km-long subsea pipeline in the Baltic Sea laid in mid-2024. In time, the OAL pipeline can be converted to carry hydrogen.

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Fluxys hydrogen appointed operator

of H₂ transmission network in Belgium

On 26 April 2024, the Federal Energy Minister appointed Fluxys hydrogen, a subsidiary of Fluxys Belgium, as the operator for the development and operation of the hydrogen network in Belgium. In line with the federal hydrogen strategy, Fluxys hydrogen is responsible for developing a hydrogen pipeline network which will form part of the European Hydrogen Backbone.

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Green light for Germany’s hydrogen backbone

The German regulator has approved the construction of a national hydrogen core network in Germany. More than 9,000 km of pipelines will be dedicated to hydrogen transport by 2032. With its hydrogen network, Open Grid Europe will become the largest hydrogen network operator in Germany. The planned OGE network comprises around 2,400 km of pipelines, approximately 25% of the entire hydrogen core network.

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Diversifying supply streams for hydrogen

from the north and south

Fluxys hydrogen in Belgium has joined forces with Creos in Luxembourg and GRTgaz in France on the HY4Link project, which is intended to connect industrial clusters requiring hydrogen in France, Germany and Luxembourg with import hubs in Antwerp, Zeebrugge, Rotterdam and Dunkirk. In Switzerland, FluxSwiss and Transitgas are working with OGE and Fluxys TENP in Germany and Snam in Italy on infrastructure to supply hydrogen from North Africa.

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Overhaul of TENP almost complete

With a view to shoring up security of supply, in 2024 two new pipeline sections of the TENP pipeline in Germany were commissioned. The project will be completed in 2025 following the laying of a third new pipeline section. Thanks to this project, capacity totalling 16.2 GWh/h will once again be available in the direction of Switzerland. The new pipeline sections are designed to also carry hydrogen and so are ready to be incorporated into the hydrogen infrastructure as soon as the market is ready.

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North Sea Integration Model

working together towards net zero emissions

How can we design an affordable energy system and ensure that all solutions work together to achieve net zero CO₂ emissions? To answer this question, in 2024 we devised the North Sea Integration Model: a computational model that simulates all interactions between electricity, hydrogen, methane and CO₂ infrastructure in Belgium and countries bordering the North Sea. The model shows how the entire chain can be optimised in terms of costs, CO₂ emissions and preservation of security of supply.

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NextGrid Holding established

to support Elia Group’s capital needs

On 25 October 2024, Fluxys and Publi-T signed an agreement to support Elia Group’s capital needs. Publi-T, the public holding company for the Belgian grid, is investing in high-voltage infrastructure. On 10 January, Fluxys acquired a minority shareholding in NextGrid Holding, a new subsidiary of Publi-T and Fluxys. The energy transition is a huge challenge for energy infrastructure companies and calls for an integrated approach regarding green electrons and low-carbon molecules.

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154 new colleagues hired

Fluxys is growing! In 2024, no fewer than 154 new colleagues joined our ranks, meaning that 1,381 employees are working at Fluxys.

108 colleagues were given the opportunity to take on new responsibilities and other roles; such internal mobility is particularly encouraged at Fluxys.

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Fluxys Group in a nutshell

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You can view and download the complete Fluxys Group integrated annual report 2024 to find out more about our group's strategy, highlights of the year, governance and financial situation.

Consult our Financial information page, for additional financial information and previous annual reports.

Fluxys Group financial information