With the hydrogen sector continually growing and building strong momentum, the company continues to mature its pipeline which now exceeds £500m ($674m) for further private investment.

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The company hopes to take advantage of the expanding hydrogen sector and has a distinctive strategy to be the sector specialist in hydrogen by investing primarily in private opportunities not readily accessible elsewhere.

With this, the company will continue to invest heavily in the hydrogen market in order to capitalise on the growing momentum for the clean energy carrier.

Simon Hogan, Chairman of HydrogenOne Growth Capital, said, “We are very encouraged by the progress HGEN has made since its IPO last summer as the first listed fund dedicated to clean hydrogen for the energy transition to net zero.

“HGEN has completed a number of transactions, building on the strong momentum in the sector. With deployment from our latest fundraise now well underway, and with a robust and exciting pipeline of potential deals we are seeing HGEN’s growth potential.

“The business is considering options for raising further capital so we can continue to deploy substantial growth capital into energy transition and unlock value for shareholders in this sector.”