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
6 December 2023
COP28 declaration aims to unleash global trade through alignment of national certification systems
5 December 2023
Supply chains face short-term challenges but not fundamental barriers as clean energy technologies scale
1 December 2023
Aircraft of varying sizes and in varying regions are likely to use different technologies to decarbonise, making regulation challenging
30 November 2023
International investors are looking to exploit Morocco’s increasingly well-recognised potential to be one of the world’s top producers
