RNS12 Aug 2022 16:49
HydrogenOne Capital Growth plc ("HydrogenOne" or the "Company"), the first LSE-listed investment fund dedicated to clean hydrogen, is pleased to announce that it has signed definitive agreements for an investment of £8.4m (EUR 10m) in Strohm Holding B.V. ("Strohm"). HydrogenOne is investing alongside Strohm's existing investors Shell Ventures, Chevron Technology Ventures and Evonik Venture Capital, in the first close of a funding round totalling £11.8m (EUR 14m). HydrogenOne may also invest up to a further £1.7m (EUR 2m) in the second close of this funding round, which is anticipated to be at least £5.1m (EUR 6m) in aggregate in addition, expected later in 2022.