HyGen announces £27m capital raise to develop hydrogen production project pipeline

UK-based HyGen has announced it has raised £27m ($33m) in funding from HyCap to start developing its pipeline of more than 300MW of hydrogen projects across the UK.

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.

Read more: UK and Ireland hydrogen production facility plans from new joint venture

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