RCS - HydrogenOne Cap Gwth - Publication of annual hydrogen sector review

Hydrogenone Capital GrowthAnnouncement

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RNS Number : 5377I  HydrogenOne Capital Growth PLC  14 May 2025

14 May 2025

HydrogenOne Capital Growth plc

('HydrogenOne' or the 'Company')

Publication of annual hydrogen sector review

 

Despite sector headwinds, forecasts for clean hydrogen growth have more than
doubled

 

HydrogenOne Capital Growth plc, the first London-listed fund investing in
clean hydrogen for a positive environmental impact, reports that the
Investment Adviser, HydrogenOne Capital LLP (the "Investment Adviser") has
published its annual review of the hydrogen sector, the "Hydrogen Handbook".
 

 

The long-term structural drivers for the industry remain climate change, air
quality and energy security. Today's global 'grey' hydrogen sector is a $175
billion/year market but unfortunately produces double the total GHG emissions
of the United Kingdom. Reducing these emissions is the major demand pull for
clean hydrogen today, and an imperative for global regulators and heavy
industry.

 

Clean hydrogen and its derivatives such as e-fuels and green ammonia have a
broad range of uses in replacing today's fossil fuel system, especially for
ships, trains, HGV, and power generation. Clean hydrogen is also a solution
for large scale storage and shipping of renewable power, addressing grid
balancing and energy security.

 

In the nearer term, a more complex picture has developed for the sector.
Post-COVID optimism for energy transition growth has been buffeted by supply
chain shortages, inflation, high interest rates, and the Russia-Ukraine war.
Renewables investors have been unsettled by the sharp reversal of energy
transition strategy in the USA, and the delays in policy implementation in
Europe and the UK. Whilst oil companies have reverted to focusing on oil &
gas activities, many remain involved in blue and green hydrogen, adjacent to
their renewables, refinery and carbon capture and storage footprint.

 

Despite this, the growth of the sector is gathering pace: 3mtpa green hydrogen
is now under construction, heralding a 15X increase in supply between 2024 and
2027, with some $69 billion of investment committed. Industrial gas, buses,
stationary power and e-fuels are the most advanced themes.

 

Dr JJ Traynor, from the Company's investment adviser, commented: "in our 2025
review of the industry, we have more than doubled our projections for clean
hydrogen supply by 2027, despite the headwinds and sentiment around the
sector. We hope our investors find the 2025 Hydrogen Handbook a useful
reference document for this growing, strategic sector".

 

 

- Ends -

 

Notes

 

For further information, please visit www.hydrogenonecapitalgrowthplc.com
(http://www.hydrogenonecapitalgrowthplc.com) or contact:

 

 HydrogenOne Capital LLP - Investment Adviser          Tel: +44 20 3830 8231
 JJ Traynor / Richard Hulf

 Shore Capital                                         Tel: +44 (0) 20 7601 6128

 Financial Adviser and Corporate Broker

 Gillian Martin/ Anita Ghanekar (Corporate Advisory)

 Fiona Conroy (Corporate Broking)

 Burson Buchanan - Financial PR                         Tel: +44 (0) 20 7466 5000

 Henry Harrison-Topham                                  Email: HGEN@buchanancomms.co.uk (mailto:HGEN@buchanancomms.co.uk)

 Henry Wilson

 Samuel Adams

 

About HydrogenOne:

 

HydrogenOne is the first London-listed hydrogen fund investing in clean
hydrogen for a positive environmental impact. The Company was launched in 2021
with an investment objective to deliver an attractive level of capital growth
by investing in a diversified portfolio of hydrogen and complementary hydrogen
focused assets. INEOS Energy is a strategic investor in HydrogenOne. The
Company is listed on the London Stock Exchange's main market (ticker code:
HGEN). The Company is an Article 9 climate impact fund with an ESG policy
integrated in investment decisions and asset monitoring.

 

The Company's Investment Adviser, HydrogenOne Capital LLP (FRN: 954060), is an
appointed representative of Thornbridge Investment Management LLP (FRN:
713859) which is authorised and regulated by the Financial Conduct Authority.

 

 

 

IMPORTANT NOTICE

 

This announcement contains (or may contain) certain forward-looking statements
with respect to certain of the Company's plans and/or the plans of one or more
of its investee companies and their respective current goals and expectations
relating to their respective future financial condition and performance and
which involve a number of risks and uncertainties. The Company cautions
readers that no forward- looking statement is a guarantee of future
performance and that actual results could differ materially from those
contained in the forward-looking statements.

 

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