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.

Also read: Air Liquide Secures €110 Million Grant for Hydrogen Project in Belgium

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.

CarbonQuest, a distributed carbon capture technology leader, has announced a Memorandum of Understanding (MOU) with Carbfix, the global frontrunner in CO2 mineral storage. This collaboration seeks to deploy Distributed Carbon Capture and Storage solutions in North America, tackling emissions in hard-to-abate industries.

Both companies combine their expertise to deploy carbon capture and mineralisation solutions for medium-scale emitters across the US and Canada. This will enable industrial facilities and manufacturing sites to adopt cost-efficient and effective decarbonisation strategies.

Also read: CarbonQuest boosts market reach with new investment from Riverbend Energy Group

Streamlined Onsite Carbon Capture and Storage Solutions

CarbonQuest’s modular DCCS systems are designed for space-constrained locations, utilizing advanced solid sorbents to capture CO2 from point sources. This design makes them ideal for industrial and campus settings, optimising power generation with Combined Heat and Power (CHP) technologies.

Carbfix technology converts CO2 into solid rock by dissolving it in water, injecting into basalt formations, mineralizing within two years. Already commercially successful in Europe, Carbfix’s solution ensures permanent, cost-effective carbon storage. By collaborating with CarbonQuest, Carbfix can extend its reach to new geographies, leveraging mineralization-ready sites across North America.

Also read: Nuada and Carbfix Partner to Offer Innovative Carbon Capture and Storage Solutions

Expanding Opportunities for Carbon Mineralization

Edda Aradóttir, CEO of Carbfix, said, “Carbfix is excited to partner with CarbonQuest to advance our interest in North America. We see tremendous potential for carbon mineralization in a variety of business scenarios from co-location or mineralization hubs, and this MOU will ensure that, together, we can bring meaningful projects to reality in the U.S. and Canada.”

Additionally, this collaboration represents a significant step toward expanding access to carbon capture and storage solutions. CarbonQuest and Carbfix aim to drive sustainable growth and innovation in the fight against climate change by addressing the challenges faced by medium-scale emitters and hard-to-abate facilities.