Bramble Energy Limited
UK-based fuel cell and portable power solutions company
Category – Supply chain
Co-investors –IP Group, BGF, Parkwalk, UCL Technology Fund
Why Invested
Pioneering revolutionary fuel cell design and manufacturing techniques
Novel printed circuit board design PCBFC™ – low cost, scalable and recyclable fuel cell modules
Developing high-power density, mobility fuel cell systems
Launched a portable power product range
Elcogen AS
Fuel cell and electrolyser manufacturer with presence in Estonia and Finland
Category – Supply chain
Co-investors – Biofuel OÜ, VNTM Powerfund II
Why Invested
Amongst the world’s most advanced solid oxide specialists, with lower than-normal operating temperatures and superior economics
Developed a reversible ceramic technology that can convert hydrogen into emission-free electricity and vice versa
+10 year track record; over 60 established industrial customers worldwide
HiiROC Limited
Netherlands-based hydrogen pipeline company
Co-investors – Melrose Industries, Centrica, Hyundai, Kia, Wintershall Dea, VNG, Cemex
Why Invested
Enables low-cost, zero emission production of hydrogen, located at the point of demand
Highly scalable modular solution, producing 100kg / day of hydrogen from a single unit through to large plants capable of 100’s of tonnes / day of hydrogen, alongside carbon black
Strong growth potential in flare mitigation, grid injection, electricity generation, decarbonising industry, biomethane conversion and synthetic aviation fuel production
Sunfire GmbH
German industrial electrolyzer producer
Co-investors – Planet First Partners, Lightrock, SMS, Neste, CIP, Carbon Direct Capital Management, Blue Earth Capital, Amazon
Why Invested
Material, established electrolyzer producer with strong technology and growth potential
+10 year track record
Building a 500MW / annum electrolyzer production site in Germany by 2023 – with a further extension to gigawatt-scale already in planning
Gen2 Energy AS
Norwegian green hydrogen project developer
Category – Green Hydrogen production
Co-investors – HyCap, Vitol, Hoegh LNG, Knutsen Group
Why Invested
Up to 700MW green hydrogen projects in Norway, with expected production in 2025-2027
Specialist in low-cost 24/7 hydroelectric power
HGEN has follow-on investment rights in project SPVs
HH2E AG
German green hydrogen project developer with a focus on industrial customers
Category – Green Hydrogen production
Co-investors – Foresight Group LLP
Why Invested
Assessing 5 new projects for Final Investment Decision (“FID”)
Provides HGEN with investment rights in multiple large-scale industrial decarbonization projects
The new zinc electrolyser (or battery + alkali electrolyser) in combination with the high-temperature storage unit enables constant production with only a limited number of hours of renewable electricity supply
Thierbach Project
Development project for the construction of an industrial-scale green hydrogen production plant in Germany
Category – Green Hydrogen production
Co-investors – Foresight Group, HH2E
Why Invested
Projected to have the capacity to produce c.6,000 tonnes of green hydrogen per year during phase 1.
Further expansion phases could increase production to more than 60,000 tonnes in the medium term, which could result in over 10 million tonnes of greenhouse gas emissions avoided over the life of the project.
Large-scale customers across the energy, transportation and industrials sectors in Germany.
The operator (HH2E) is a specialist in developing projects to decarbonise industry across Germany using green hydrogen.
NanoSUN Limited
UK-based developer of hydrogen distribution and mobile refuelling equipment
Category – Storage & distribution
Co-investors – Westfalen Group
Why Invested
Provides flexible and low-cost connection between hydrogen customers such as truck stops, and concentrated hydrogen supply sources
Flat-bed solution with 60% lower cost than alternative systems
Accelerating large-scale roll out of fleets of hydrogen buses, trucks, vans and forklift
Strohm Holding B.V.
Netherlands-based hydrogen pipeline company
Category –Storage & distribution
Co-investors – Shell Ventures, Chevron Technology Ventures, Evonik Venture Capital, ING Bank N.V.
Why Invested
Global market leader in design and manufacturing of Thermoplastic Composite Pipe (“TCP”)
TCP is more cost-effective than steel pipe and has c.50% less greenhouse gas emissions on as-installed basis
TCP can transfer up to nine times the amount of energy compared to a cable, and can be used to store hydrogen
TCP’s flexibility, lack of corrosion, fatigue and embrittlement make it the superior pipeline solution for offshore wind farms, generating hydrogen
Cranfield Aerospace Solutions Ltd
UK-based passenger flight innovator, powering turboprop flight with hydrogen
Category – Hydrogen applications
Co-investors – Safran Ventures, Tawazun Strategic Development Fund, Motus Ventures
Why Invested
Aerospace market leader in the design and manufacture of new aircraft design concepts, complex modifications to existing aircraft and integration of cutting-edge technologies
Working on CAA certification of the Britten-Norman Islander passenger aircraft using hydrogen