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Fund has a full pipeline of potential hydrogen projects to consider

By Maureen McCall


Europe Finance

After deploying nearly half its available capital just five months after its launch, HydrogenOne Capital Growth, the first London-based fund dedicated to clean hydrogen, said January 13 it is targeting deployment of the remaining proceeds from its £107mn (US$146mn) initial public offering (IPO) by Q2 2022.

Full value chain spending in clean hydrogen could reach £700bn by 2030, it said. 

Fundamental changes in the UK and global energy systems post-COP 26 are creating opportunities for clean hydrogen, with 39 countries publishing hydrogen adoption strategies. HydrogenOne has identified an investible universe of over £17bn billion in private hydrogen assets and is considering raising more capital. 

“We are very encouraged by the progress HydrogenOne has made since its IPO last summer as the first listed fund dedicated to clean hydrogen for the energy transition to net zero,” HydrogenOne chair Simon Hogan said. 

HydrogenOne has an active pipeline of more than £500mn of private opportunities for potential investment, and has already made investments in both green and turquoise hydrogen.