HydrogenOne Capital Growth plc: Driving Positive Environmental Impact Through Clean Hydrogen Investments
Key Ideas
  • HydrogenOne Capital Growth plc, the first London-listed fund investing in clean hydrogen, reported its annual results emphasizing a positive environmental impact.
  • Despite a decrease in NAV, the company saw positive revenue growth from portfolio companies and continued investment in clean hydrogen assets.
  • The clean hydrogen sector is projected to grow significantly, with substantial investments in 2024 and a positive outlook for green hydrogen production by 2027.
  • The company demonstrated strong ESG credentials, aligning with EU taxonomy, avoiding significant GHG emissions, and supporting clean energy capacity and job creation.
HydrogenOne Capital Growth plc, the first London-listed fund investing in clean hydrogen, released its annual results for the year ending on 31 December 2024. The company's investment objective includes delivering capital growth by investing in a portfolio of hydrogen and complementary hydrogen-focused assets, integrating core ESG principles into its decision-making process. Despite a decrease in Net Asset Value (NAV), the company highlighted positive revenue growth from portfolio companies, underpinning the attractive sector fundamentals. The clean hydrogen sector is expected to grow rapidly, with significant investments in 2024 and a positive outlook for green hydrogen production by 2027. Environmental, Social, and Governance (ESG) highlights include the company being classified as an Article 9 Fund under the Sustainable Finance Disclosure Regulation (SFDR). Over 132,839 tonnes of greenhouse gas emissions were avoided in 2024, with strong alignment with the EU Taxonomy for sustainable activities. The company also deployed significant capital in low-carbon growth and supported clean energy capacity and job creation. Despite challenges such as a decrease in NAV and political uncertainties, HydrogenOne Capital Growth plc remains optimistic about the clean hydrogen sector's growth. The company's focus on ESG principles, positive revenue growth, and continued investment in clean hydrogen assets position it well for the future.
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