Gen2 Energy will use hydroelectric power
HydrogenOne backs Norwegian green hydrogen developer
London-listed fund takes minority stake in Gen2 Energy in its first investment in green hydrogen production
London-listed listed investment fund HydrogenOne Capital Growth has bought a minority stake in Gen2 Energy, a Norwegian developer of green hydrogen production capacity, for £3.3mn ($4mn). The investment, which is subject to approval by Gen2’s existing shareholders, forms part of a funding round through which Gen2 expects to raise at least NOK140m ($16mn). The deal marks HydrogenOne’s first investment in green hydrogen production since its launch via a £107mn ($143mn) IPO in London in July last year. 700MW – Gen2 Energy’s project pipeline Gen2 is developing several green hydrogen projects in Norway based on the country’s excess supply of hydroelectric power. The company says it has a total
Also in this section
31 March 2025
Saudi Aramco’s blue hydrogen progress is a clear reminder that energy companies pivoting in search of greater returns may not be throwing the H₂ baby out with the bathwater
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
