Gen2 Energy will use hydroelectric power
HydrogenOne backs Norwegian green hydrogen developer
London-listed fund takes minority stake in Gen2 Energy in its first investment in green hydrogen production
London-listed listed investment fund HydrogenOne Capital Growth has bought a minority stake in Gen2 Energy, a Norwegian developer of green hydrogen production capacity, for £3.3mn ($4mn). The investment, which is subject to approval by Gen2’s existing shareholders, forms part of a funding round through which Gen2 expects to raise at least NOK140m ($16mn). The deal marks HydrogenOne’s first investment in green hydrogen production since its launch via a £107mn ($143mn) IPO in London in July last year. 700MW – Gen2 Energy’s project pipeline Gen2 is developing several green hydrogen projects in Norway based on the country’s excess supply of hydroelectric power. The company says it has a total
Also in this section
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe
16 December 2024
Sustainable aviation fuel from electrolysis has great potential for reducing aviation sector emissions, but cost, energy requirements and the need for substantial investment stand in the way of take-off
