Joint venture between Jo Bamford-owned HydraB and Armstrong Capital Management, HyGen plans to build, own, and operate commercial scale hydrogen production facilities across the UK, to help the country to meet its Net Zero ambitions.
Launched in September (2022), the joint venture has already announced plans with Northern Gas Networks (NGN) and Ryze Hydrogen to work on a low-carbon hydrogen production and dispensing facility in Bradford.
HyGen says its short-term focus for the Bradford facilities is to produce hydrogen for Ryze to supply to transport, which is hoped to benefit from subsidies under the UK Government’s Renewable Transport Fuel Obligation (RTFO).
H2 View understands HyGen plans to start producing hydrogen in the first quarter of 2024, which it says would make it one of the earliest commercial clean hydrogen facilities in the UK, adding 100% of the hydrogen produced from the site is expected to meet the ‘low-carbon hydrogen standard.’
“This is an important milestone for the company,” said Andrew Newman, Managing Director at HyGen. “We now haver the firepower to start to deliver the extensive pipeline of opportunities that Jo Bamford has been originating over the last few years.”
Newman added, “We have a number of exciting opportunities in the pipeline and look forward to announcing further developments in the New Year.”
Furthermore, the company has said it plans to host a second round of funding, scheduled for the second half of 2023.
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