Protium plans to use finance to accelerate green hydrogen projects
Protium raises £40.5mn in funding round
Cash will allow the firm to accelerate its portfolio of green hydrogen projects and support the development of its in-house digital capabilities
UK green hydrogen project developer Protium has raised £40.5mn ($49mn) in its latest funding round. The money will allow Protium to accelerate its portfolio of green hydrogen projects, which total over 250MW in capacity, and support the development of its in-house digital capabilities. These include its flagship project with Budweiser in Magor, south Wales and a 40MW green hydrogen project in Teesside—both of which will now be moved through to the Feed and permitting stage. The funding comes from Swen Capital Partners, through its Swift 2 fund as well as Barclays’ Sustainable Impact Capital programme and existing Protium investors. “The expertise and resources provided by Swen and Barclays w
Also in this section
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
