Tavistock advises UK’s first closed-ended fund investing in clean hydrogen on LSE IPO

We were pleased to advise HydrogenOne Capital Growth (LSE: HGEN) on its successful IPO earlier this Summer. The fund raised £107.4m, becoming the first London-listed fund to provide investors with opportunities in clean hydrogen and energy storage for the energy transition.

HydrogenOne Capital LLP is a specialist investor in the clean hydrogen sector, with a focus on unlocking profitable growth for investors within a strong ESG mandate. The Investment Adviser team are highly experienced with senior executive track records in Shell, BP, Exxon, Artemis Investment Management and Deutsche Bank.

HGEN also qualified for the London Stock Exchange’s Green Economy Mark at admission, which recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy. HGEN will predominantly invest in private hydrogen assets, and also include hydrogen focussed listed assets from global markets.

Simon Hudson, Director at Tavistock, commented: “Clean hydrogen will form an integral part of the energy mix as the U.K. transitions to net-zero. HydrogenOne Capital represents an opportunity for retail investors to get ahead of the curve and deploy capital into this fast-growing sector underpinning the energy transition, backed by cornerstone investor Ineos.”

To find out more about clean hydrogen, take a look at one of our recent articles.

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