HydrogenOne Capital LLP

Join our Managing Partner Richard Hulf at the Wood Mackenzie Hydrogen Conference 6-7 November in London to explore the latest industry developments to unlock hydrogen’s role in the energy transition. View the latest agenda and register now at https://lnkd.in/eeBs5Bi6 #WMhydrogen

A big step forward for Germany's green hydrogen sector: the Federal Network Agency has approved a core network spanning 9,040 kilometers. About 60% of the pipelines will be converted from existing natural gas infrastructure, while the rest will be newly constructed. By 2032, the network will have a feed-in capacity of 101 GW and a feed-out capacity of 87 GW, making it the largest hydrogen pipeline system in Europe. The 15 transmission system operators (TSOs) responsible for building and operating the network will invest €18.9 billion, with the project set for completion in 2032. This is great news for HH2E. Most of our planned green hydrogen production sites, including Lubmin and others not yet announced, are strategically located with direct access or close proximity to the core network. #H2Kernnetz Federal Ministry for Economic Affairs and Climate Action Bundesnetzagentur

  🚀 𝗦𝘂𝗻𝗳𝗶𝗿𝗲 𝗯𝘂𝗶𝗹𝗱𝘀 𝟭𝟬𝟬 𝗠𝗪 𝗲𝗹𝗲𝗰𝘁𝗿𝗼𝗹𝘆𝘇𝗲𝗿 𝗳𝗼𝗿 𝗥𝗪𝗘! We are excited to announce that Sunfire has been awarded a major order to build a 100 MW industrial electrolyzer at RWE's site in Lingen, Germany! The order comes just days after RWE’s #FID for their largest hydrogen project to date. Key Facts:  • 𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝗹𝘆𝘇𝗲𝗿: 100 MW pressurized alkaline electrolyzer  • 𝗣𝗹𝗮𝗻𝗻𝗲𝗱 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝗶𝗻𝗴: End of 2027  • 𝗚𝗿𝗲𝗲𝗻 𝗛𝘆𝗱𝗿𝗼𝗴𝗲𝗻 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻: Up to two tons of green hydrogen per hour  • 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿: RWE / Green hydrogen will primarily serve industrial customers in Lower Saxony and NRW  • 𝗦𝘂𝗻𝗳𝗶𝗿𝗲’𝘀 𝗧𝗼𝘁𝗮𝗹 𝗢𝗿𝗱𝗲𝗿 𝗕𝗼𝗼𝗸: + 800 MW  What this order highlights… 🏆 𝗦𝘂𝗻𝗳𝗶𝗿𝗲’𝘀 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗥𝗼𝗹𝗲: Sunfire is among the few companies worldwide capable of delivering industrial-scale electrolyzers. Nils Aldag, Sunfire CEO: "With the realization of major projects such as the 100 MW order from RWE, Sunfire is underlining its leading position once again. Sunfire is one of the few companies in the world that can deliver electrolyzers at an industrial scale. With an order book totaling over 800 MW, we are a preferred partner for large-scale projects." 🤝 𝗢𝘂𝗿 𝗦𝘁𝗿𝗼𝗻𝗴 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽𝘀: Sunfire continues to be the trusted partner for large-scale projects.  Dr. Sopna Sury, COO Hydrogen of RWE Generation: “After Sunfire has already provided an electrolyzer for our pilot plant in Lingen, we are looking forward to continuing this collaboration as part of the GET H2 nucleus project. With Sunfire's electrolyzer, the GET H2 nucleus will reach its full production capacity in 2027. At the same time, we are expanding our technology portfolio with an alkaline electrolyzer in the three-digit megawatt range.” We’re proud to be chosen by RWE as their electrolysis specialist for large-scale projects, reinforcing our commitment to the decarbonization of the industry! 🌱 #HydrogenIsTheAnswer Photo: ©RWE 

We will be announcing our Interim Results on Monday, 16 September 2024.   Analyst Presentation - there will be a virtual presentation for analysts at 2:00 pm BST on 16 September 2024. To register to join the presentation, please contact HGEN@buchanancomms.co.uk.   Investor Presentation - we will also be hosting an online investor presentation at 3:30 pm BST on 16 September 2024 on the Investor Meet Company platform. Investors can sign up to Investor Meet Company for free and add to meet HydrogenOne via: https://lnkd.in/eQ8MmYnu  

We are getting set to start construction and operation of our green hydrogen production plants in Germany, targeting a 4 GW capacity by 2030, positioning us as one of the largest green hydrogen production platforms in Europe. The HH2E plants are designed with cutting-edge digital standards, and we are pleased to have signed a Global Strategic Partnership Agreement with Siemens in digitalization and automation. This partnership covers the selection of optimal technologies in process automation, instrumentation and analytics, drive technology, cybersecurity, digitalization, as well as electrification solutions and interface management. Siemens is committed to implementing the Module Type Package (MTP) standard to enhance interoperability and flexibility in process automation systems. The agreement was signed this week by Peter Blauwhoff, COO of HH2E, and Dr. Joachim Wicke, Leiter Vertrieb Deutschland Produkte und Systeme at Siemens, as well as Axel Lorenz CEO DI PA and Yuliya Monastyruk CFO DI PA alongside the dedicated team members: Andreas Stimpel, Peter Ammann, @Michael Schmidt, Stephan Bölts, Peter Michael Holzapfel, Frank Friederich, Arne Börgmann, Manuel Stix, and Mariana Sigoli from #Siemens; and Udo Berninger, Clara von Lühmann, and Sergej Voit from #HH2E.

HydrogenOne Capital Growth is pleased to share the below article from Cranfield Aerospace, the UK hydrogen flight innovator. The article details Cranfield’s hydrogen aircraft fuel cell technology, the various differences between liquid and gaseous hydrogen when used for aircraft, and the future potential for this technology.   As at 30 June 2024, Cranfield Aerospace Solutions represents 9% of the Company’s NAV. https://lnkd.in/eqyvnvQA

We're pleased to note today's announcement by Sunfire and RWE, celebrating the launch of a green hydrogen production facility in Lingen. Lingen has become RWE's first hydrogen site, with Sunfire’s 10 MW pressurized alkaline electrolyzer playing a crucial role; producing up to 200 kilograms of green hydrogen per hour. As of 30 June 2024, Sunfire accounted for 21% of HydrogenOne Capital Growth Plc's NAV. https://lnkd.in/ex7nU963

HydrogenOne Capital Growth today announces its quarterly net asset value and portfolio update for the period ended 30 June 2024. The Company’s NAV per share at period end was 103.60 pence, in line with 31 March 2021 (103.56 pence), and an increase of 2.9% since 30 June 2023. Private portfolio companies delivered an aggregate £76 million in total revenue in the 12 months to 30 June 2024, an increase of 44% compared to the 12 months to June 2023. The full announcement can be viewed here: https://lnkd.in/eZmihYZa

HydrogenOne Captal LLP is pleased to note that its portfolio company, Strohm Holding B.V. (‘Strohm’), the world’s first and leading thermoplastic composite pipeline technology company, has been awarded a contract by TotalEnergies in Brazil. This marks Strohm’s entry into the ultra-deepwater market and is the largest commercial award for pipe supply in Strohm’s 16-year history. This contract award follows Strohm's successful EUR 30 million fundraising announced on 19 June 2024 to scale-up manufacturing capabilities. The pipeline provides a corrosion resistant solution for CO2, which can otherwise cause stress corrosion cracking on alternative pipelines. This is an industry first that establishes Strohm and its products as a market leader in the CO2 transportation market, with a disruptive, long-term and low carbon footprint solution. At 31 March 2024, HydrogenOne's investment in Strohm represented 12.4% of the Company's NAV. https://lnkd.in/dJnQRAH3

We are pleased to note a series of positive developments at Sunfire, HydrogenOne Capital Growth PLC’s largest portfolio holding (20.9% of NAV).   Sunfire recently secured a term loan of up to EUR 100 million provided by the European Investment Bank (EIB), propelling the development and industrialization of its innovative SOEC electrolyzers: https://lnkd.in/eGMzB9Pu   Sunfire’s founder and CEO, Nils Aldag, in addition to Christian von Olshausen, founder and CTO, were also awarded the Social Market Economy Prize. This was the 21st iteration of the award, which is aimed at individuals and institutions that have made outstanding contributions to the economic and social order: https://lnkd.in/e2VKgZbi   Finally, 20 electrolyzer manufacturers and suppliers, including Sunfire, have joined forces to support the development of a green hydrogen economy in Europe. Together, the manufacturers signed a letter to the President of the European Commission, Ursula Von der Leyen, with the clear appeal: restore fair competition and introduce “Made in Europe" standards for the industry: https://lnkd.in/edHntdFQ