Cordiant Capital has announced the acquisition of HydrogenOne Capital LLP, a firm specializing in alternative investments within the hydrogen sector. This acquisition reflects Cordiant’s hydrogen industry assurance and potential energy transition contributions.
Rebranding and Enhanced Resources for HGEN Shareholders
As per the deal, HydrogenOne Capital LLP will be rebranded. It will be known as Cordiant HydrogenOne following the acquisition. However the investment advisory relationship with HydrogenOne Capital Growth plc will remain unchanged.
This rebranding helps Cordiant expand its UK-listed company strategy. It offers HGEN shareholders increased resources and broader market access. The move also provides a clearer pathway to realizing the long-term value of the hydrogen ecosystem.
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Cordiant’s Growth Capital Strategy
This acquisition fits with the company’s growth capital solutions strategy. The company works on value chains related to agriculture, digital infrastructure, and energy change.
Through this transaction, Cordiant will be able to use its experience and present investors with some of the best prospects in the energy transition.
Leadership and Expertise in Hydrogen
Benn Mikula, Managing Partner and CEO of Cordiant Capital stated that HydrogenOne’s team, including industry veterans Dr. JJ Traynor and Richard Hulf, brings immense hydrogen expertise to Cordiant.
By combining Cordiant’s global investment capabilities with HydrogenOne’s technical knowledge, the company aims to create more value for HGEN shareholders and expand its skills in energy transition infrastructure.
The Growing Role of the Energy Sector
Experts predict that the hydrogen sector might be key in decarbonizing global energy. The Hydrogen Council estimates hydrogen could meet 18% of global energy demand by 2050. This would create a market worth $2.5 trillion annually.
According to estimates by McKinsey, hydrogen could account for 19% of global energy demand by 2050. In addition, it could also cover 30% of transportation fuel and 15% of industrial energy demand.