LEI: 213800PMTT98U879SF45
21
February 2025
HydrogenOne Capital Growth plc
('HydrogenOne' or the 'Company')
Finnish green hydrogen plant
becomes operational using Sunfire's electroysers
HydrogenOne Capital Growth plc, the
first London-listed fund investing in clean hydrogen for a positive
environmental impact, is pleased to note the start of commercial
operations at a new P2X Solutions green hydrogen plant in Finland,
using portfolio company Sunfire AG
('Sunfire') electrolysers.
Sunfire, a leading global
electrolysis company, and P2X Solutions, a Finnish pioneer in green
hydrogen and Power-to-X technologies, celebrate the commissioning
of the production plant in Harjavalta. The Sunfire electrolyser is
Finland's first industrial plant for the commercial production of
green hydrogen.
P2X Solutions relies on Sunfire's
proven pressurised alkaline technology for green hydrogen
production. The Harjavalta plant's production capacity is 20
MW.
Nils Aldag, CEO of Sunfire, said:
"The electrolysis plant in Harjavalta is a flagship project in
Europe. With the commercial operation of Sunfire's electrolyser now
underway, P2X Solutions has achieved a major milestone in
accelerating Finland's green hydrogen market. We are proud to be
part of this pioneering project and congratulate the entire team on
this outstanding achievement in Finland's energy
history."
Dr JJ Traynor, Managing Partner of
HydrogenOne Capital LLP, the Company's investment adviser,
commented: "This marks an important step for Sunfire, P2X Solutions
and Finland, establishing green hydrogen at a commercial scale, and
once again demonstrating the robustness of Sunfire's product
offering."
In addition to P2X Solutions, the
Finnish project developer Ren-Gas has recently selected Sunfire's
technology for its 50 MW plant in Tampere.
Finland is emerging as a leading
location for the production of green hydrogen, aiming to produce at
least ten percent of the EU's hydrogen in 2030, with €2.3 billion
of state support announced recently for renewables, decarbonisation
of industry and equipment supply chains.
As at 30 December 2024,
HydrogenOne's investment in Sunfire represented 28% of the
Company's NAV.
- Ends -
Notes
For further information, please
visit www.hydrogenonecapitalgrowthplc.com
or contact:
|
HydrogenOne Capital
LLP - Investment
Adviser
|
Tel: +44 (0) 20 3830 8231
|
|
JJ Traynor
Richard Hulf
Eva Roberts
|
|
|
Barclays Bank PLC - Corporate
Broker
Dion Di Miceli
Stuart Muress
James Atkinson
|
Tel: +44 (0) 20 7623 2323
BarclaysInvestmentCompanies@barclays.com
|
|
Burson Buchanan - Financial
PR
Henry Harrison-Topham
Henry Wilson
Samuel Adams
|
Tel:
+44 (0) 20 7466 5000
Email: HGEN@buchanancomms.co.uk
|
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.
About Sunfire
Sunfire is a global leader in the
production of industrial electrolysers based on pressurised
alkaline and solid oxide (SOEC) technologies. With its electrolysis
solutions, Sunfire is addressing a key challenge of today's energy
system: Providing renewable hydrogen and syngas as climate-neutral
substitutes for fossil energy. Sunfire's innovative and proven
electrolysis technology enables the transformation of
carbon-intensive industries that are currently dependent on
fossil-based oil, gas, or coal. The company employs more than 650
people located in Germany and Switzerland.
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.
