Member Info for Robertz

At the AGM it was stated that candidates for the vacant CEO position will be interviewed shortly.

A strong appointment will change the game.

Not so far.

Ian Cowie: new trust offers chance to buy hot sector without overpaying

hTTps://www.ii.co.uk/analysis-commentary/ian-cowie-new-trust-offers-chance-buy-hot-sector-without-overpaying-ii520909

Worth noting HL has a deal where you will gain an additional 0.5% of shares as a bonus for your initial investment! (ii and AJ Bell are not offering such a bonus.)

hTTps://citywire.co.uk/investment-trust-insider/news/hydrogen-trust-fights-bezos-and-gates-for-green-sweet-spot/a1533699

(Hulf is an investment manager for HGEN).

‘Ultra nascent hydrogen:

Though the technologies involved are proven, clean hydrogen is very much a nascent space.

Hulf said globally barely a handful of projects globally are on-stream at the moment, but industry and governments are now rushing to build.

According to a McKinsey report for the Hydrogen Council published earlier this month, 359 large-scale hydrogen projects across industrial, transport, infrastructure and other sectors have now been announced, with 131 coming just since February.

For the portfolio, Hulf said they were in discussions over clusters of electrolyser projects around the ports in Rotterdam and Amsterdam, with end users of the hydrogen including cement and steel, as well as local bus companies.

HGEN will take stakes in these projects at the construction stage, achieving attractive yields to support the trust’s 10-15% annual total return target. Hulf said the technical risks were very low’, while engineering consultants Arup are also on board as a technical adviser.

The gap for the trust comes from being ‘one of the first movers in there from the financial sector’, given the incipient nature of the space and currently small ticket sizes, precluding many larger investors.

‘The biggest risk is not being able to get hold of the land to build the thing on, which is extremely low. And it’s getting the off-take agreement signed for the hydrogen,’ said Hulf.

The manager has some renewable energy experience from his Artemis days, as well as investing in some hydrogen and private companies. He added that Traynor’s background working at Shell (RDSB) and then later on natural gas projects in North Africa at Sound Energy was another help, given the similarity in terms of project financing, structuring and off-take agreements with buyers of the hydrogen.

While this recalls the structure of trusts in the renewable energy infrastructure sector, Hulf emphasised this is not an income fund and they plan to sell the assets once they have a track record of cash flows.

Hulf expects the relationship with Ineos, struck via the managers’ traditional energy network, to help with access. The company controlled by billionaire Jim Ratcliffe has co-investment rights in HGEN projects, while the trust will also gain the option but not right to invest in Ineos ventures.

Overall, Hulf said the response so far had been ‘very encouraging’ and expressed massive excitement for the future of the sector.

‘We’re starting from a very low starting point in terms of investment. So even if it does end up as being only 10% of the primary energy mix by 2050, there’s an awful long way to go to even get halfway there,’ he said.

‘And so that’s what this fund is trying to capture.’

The share issue, which closes on 27 July, is available on most UK investment platforms via an intermediaries offer. A prospectus is available on the company’s website. Panmure Gordon is acting as the sponsor

(Hulf is an investment manager for HGEN).

‘Ultra nascent hydrogen:

Though the technologies involved are proven, clean hydrogen is very much a nascent space.

Hulf said globally barely a handful of projects globally are on-stream at the moment, but industry and governments are now rushing to build.

According to a McKinsey report for the Hydrogen Council published earlier this month, 359 large-scale hydrogen projects across industrial, transport, infrastructure and other sectors have now been announced, with 131 coming just since February.

For the portfolio, Hulf said they were in discussions over clusters of electrolyser projects around the ports in Rotterdam and Amsterdam, with end users of the hydrogen including cement and steel, as well as local bus companies.

HGEN will take stakes in these projects at the construction stage, achieving attractive yields to support the trust’s 10-15% annual total return target. Hulf said the technical risks were very low’, while engineering consultants Arup are also on board as a technical adviser.

The gap for the trust comes from being ‘one of the first movers in there from the financial sector’, given the incipient nature of the space and currently small ticket sizes, precluding many larger investors.

‘The biggest risk is not being able to get hold of the land to build the thing on, which is extremely low. And it’s getting the off-take agreement signed for the hydrogen,’ said Hulf.

The manager has some renewable energy experience from his Artemis days, as well as investing in some hydrogen and private companies. He added that Traynor’s background working at Shell (RDSB) and then later on natural gas projects in North Africa at Sound Energy was another help, given the similarity in terms of project financing, structuring and off-take agreements with buyers of the hydrogen.

While this recalls the structure of trusts in the renewable energy infrastructure sector, Hulf emphasised this is not an income fund and they plan to sell the assets once they have a track record of cash flows.

Hulf expects the relationship with Ineos, struck via the managers’ traditional energy network, to help with access. The company controlled by billionaire Jim Ratcliffe has co-investment rights in HGEN projects, while the trust will also gain the option but not right to invest in Ineos ventures.

Overall, Hulf said the response so far had been ‘very encouraging’ and expressed massive excitement for the future of the sector.

‘We’re starting from a very low starting point in terms of investment. So even if it does end up as being only 10% of the primary energy mix by 2050, there’s an awful long way to go to even get halfway there,’ he said.

‘And so that’s what this fund is trying to capture.’

The share issue, which closes on 27 July, is available on most UK investment platforms via an intermediaries offer. A prospectus is available on the company’s website. Panmure Gordon is acting as the spons

(Hulf is an investment manager for HGEN).

‘Ultra nascent hydrogen:

Though the technologies involved are proven, clean hydrogen is very much a nascent space.

Hulf said globally barely a handful of projects globally are on-stream at the moment, but industry and governments are now rushing to build.

According to a McKinsey report for the Hydrogen Council published earlier this month, 359 large-scale hydrogen projects across industrial, transport, infrastructure and other sectors have now been announced, with 131 coming just since February.

For the portfolio, Hulf said they were in discussions over clusters of electrolyser projects around the ports in Rotterdam and Amsterdam, with end users of the hydrogen including cement and steel, as well as local bus companies.

HGEN will take stakes in these projects at the construction stage, achieving attractive yields to support the trust’s 10-15% annual total return target. Hulf said the technical risks were very low’, while engineering consultants Arup are also on board as a technical adviser.

The gap for the trust comes from being ‘one of the first movers in there from the financial sector’, given the incipient nature of the space and currently small ticket sizes, precluding many larger investors.

‘The biggest risk is not being able to get hold of the land to build the thing on, which is extremely low. And it’s getting the off-take agreement signed for the hydrogen,’ said Hulf.

The manager has some renewable energy experience from his Artemis days, as well as investing in some hydrogen and private companies. He added that Traynor’s background working at Shell (RDSB) and then later on natural gas projects in North Africa at Sound Energy was another help, given the similarity in terms of project financing, structuring and off-take agreements with buyers of the hydrogen.

While this recalls the structure of trusts in the renewable energy infrastructure sector, Hulf emphasised this is not an income fund and they plan to sell the assets once they have a track record of cash flows.

Hulf expects the relationship with Ineos, struck via the managers’ traditional energy network, to help with access. The company controlled by billionaire Jim Ratcliffe has co-investment rights in HGEN projects, while the trust will also gain the option but not right to invest in Ineos ventures.

Overall, Hulf said the response so far had been ‘very encouraging’ and expressed massive excitement for the future of the sector.

‘We’re starting from a very low starting point in terms of investment. So even if it does end up as being only 10% of the primary energy mix by 2050, there’s an awful long way to go to even get halfway there,’ he said.

‘And so that’s what this fund is trying to capture.’

The share issue, which closes on 27 July, is available on most UK investment platforms via an intermediaries offer. A prospectus is available on the company’s website. Panmure Gordon is acting as the spons

Ineos backs UK's first ‘clean hydrogen’ trust in £250m launch
By Jeremy Gordon 05 Jul, 2021
12Comments
HydrogenOne Capital Growth (HGEN) has already secured a cornerstone investment of at least £25m from Ineos, the world’s third-largest chemicals company, controlled by billionaire Jim Ratcliffe.
The ‘first of a kind’ investment company, which is seeking to take advantage of burgeoning activity in the space during the energy transition, will be managed by sector specialist HydrogenOne Capital.
In a document revealing its intention to float, HGEN said it would aim for a total return of 10-15% annually by investing in a mix of public companies and private businesses not quoted on any stock exchange.
The lead managers of the portfolio will be John Joseph Traynor, who has held several senior banking and energy sector roles including executive vice-president at Shell (RDSB); and Richard Hulf, a fund manager with 30 years’ experience in the utilities and energy sectors.
Targeting hydrogen and complementary hydrogen-focused assets, the managers said the fund would have an investible universe of around $90bn. They have identified 36 prospective investments, including a number where they have conducted detailed due diligence and made indicative non-binding offers.
The managers said they saw the potential for ‘green’ and ‘blue’ hydrogen projects, or both those where hydrogen is generated by renewable energy sources, as well as ‘blue’ hydrogen produced using natural gas where the emissions are captured and stored.
‘Clean hydrogen is a fast-moving and complex sector, that commands a specialist approach with access to private equity, to unlock value for shareholders. We have established HydrogenOne to fill that gap,’ said Hulf.
Ineos Energy will make a strategic investment of at least £25m in the initial public offering (IPO) and has been granted the right to co-invest in any additional capacity in private projects identified by HGEN, as well as the right to appoint a non-executive director to its board.
Brian Gilvary, Ineos Energy’s executive chairman, said the investment would ‘help to accelerate and diversify Ineos’ existing clean hydrogen strategy’.
‘It marks the beginning of another substantial and long-term partnership, opening new windows into the clean hydrogen world for Ineos,’ he said.
According to HydrogenOne, there has been a sharp acceleration in clean hydrogen projects, with a 60% increase in announced production capacity in the period to 2030 over last 12 months.
The HGEN launch follows the Liontrust’s decision to pull its plans for an investment trust focused on environmental, social and governance principles last week, after failing to hit the £100m minimum target.
Closed-ended funds focused on alternatives and private assets have been much more successful in raising new cash, however. In the first half of 2021, trusts in the Renewable Energy Infrastructure sector – where HGEN may not sit, but has some natural affinity ...

Ineos backs UK's first ‘clean hydrogen’ trust in £250m launch
By Jeremy Gordon 05 Jul, 2021
12Comments
HydrogenOne Capital Growth (HGEN) has already secured a cornerstone investment of at least £25m from Ineos, the world’s third-largest chemicals company, controlled by billionaire Jim Ratcliffe.
The ‘first of a kind’ investment company, which is seeking to take advantage of burgeoning activity in the space during the energy transition, will be managed by sector specialist HydrogenOne Capital.
In a document revealing its intention to float, HGEN said it would aim for a total return of 10-15% annually by investing in a mix of public companies and private businesses not quoted on any stock exchange.
The lead managers of the portfolio will be John Joseph Traynor, who has held several senior banking and energy sector roles including executive vice-president at Shell (RDSB); and Richard Hulf, a fund manager with 30 years’ experience in the utilities and energy sectors.
Targeting hydrogen and complementary hydrogen-focused assets, the managers said the fund would have an investible universe of around $90bn. They have identified 36 prospective investments, including a number where they have conducted detailed due diligence and made indicative non-binding offers.
The managers said they saw the potential for ‘green’ and ‘blue’ hydrogen projects, or both those where hydrogen is generated by renewable energy sources, as well as ‘blue’ hydrogen produced using natural gas where the emissions are captured and stored.
‘Clean hydrogen is a fast-moving and complex sector, that commands a specialist approach with access to private equity, to unlock value for shareholders. We have established HydrogenOne to fill that gap,’ said Hulf.
Ineos Energy will make a strategic investment of at least £25m in the initial public offering (IPO) and has been granted the right to co-invest in any additional capacity in private projects identified by HGEN, as well as the right to appoint a non-executive director to its board.
Brian Gilvary, Ineos Energy’s executive chairman, said the investment would ‘help to accelerate and diversify Ineos’ existing clean hydrogen strategy’.
‘It marks the beginning of another substantial and long-term partnership, opening new windows into the clean hydrogen world for Ineos,’ he said.
According to HydrogenOne, there has been a sharp acceleration in clean hydrogen projects, with a 60% increase in announced production capacity in the period to 2030 over last 12 months.
The HGEN launch follows the Liontrust’s decision to pull its plans for an investment trust focused on environmental, social and governance principles last week, after failing to hit the £100m minimum target.
Closed-ended funds focused on alternatives and private assets have been much more successful in raising new cash, however. In the first half of 2021, trusts in the Renewable Energy Infrastructure sector – where HGEN may not sit, but has some natural affinity – raised

Ineos backs UK's first ‘clean hydrogen’ trust in £250m launch
By Jeremy Gordon 05 Jul, 2021
12Comments
HydrogenOne Capital Growth (HGEN) has already secured a cornerstone investment of at least £25m from Ineos, the world’s third-largest chemicals company, controlled by billionaire Jim Ratcliffe.
The ‘first of a kind’ investment company, which is seeking to take advantage of burgeoning activity in the space during the energy transition, will be managed by sector specialist HydrogenOne Capital.
In a document revealing its intention to float, HGEN said it would aim for a total return of 10-15% annually by investing in a mix of public companies and private businesses not quoted on any stock exchange.
The lead managers of the portfolio will be John Joseph Traynor, who has held several senior banking and energy sector roles including executive vice-president at Shell (RDSB); and Richard Hulf, a fund manager with 30 years’ experience in the utilities and energy sectors.
Targeting hydrogen and complementary hydrogen-focused assets, the managers said the fund would have an investible universe of around $90bn. They have identified 36 prospective investments, including a number where they have conducted detailed due diligence and made indicative non-binding offers.
The managers said they saw the potential for ‘green’ and ‘blue’ hydrogen projects, or both those where hydrogen is generated by renewable energy sources, as well as ‘blue’ hydrogen produced using natural gas where the emissions are captured and stored.
‘Clean hydrogen is a fast-moving and complex sector, that commands a specialist approach with access to private equity, to unlock value for shareholders. We have established HydrogenOne to fill that gap,’ said Hulf.
Ineos Energy will make a strategic investment of at least £25m in the initial public offering (IPO) and has been granted the right to co-invest in any additional capacity in private projects identified by HGEN, as well as the right to appoint a non-executive director to its board.
Brian Gilvary, Ineos Energy’s executive chairman, said the investment would ‘help to accelerate and diversify Ineos’ existing clean hydrogen strategy’.
‘It marks the beginning of another substantial and long-term partnership, opening new windows into the clean hydrogen world for Ineos,’ he said.
According to HydrogenOne, there has been a sharp acceleration in clean hydrogen projects, with a 60% increase in announced production capacity in the period to 2030 over last 12 months.
The HGEN launch follows the Liontrust’s decision to pull its plans for an investment trust focused on environmental, social and governance principles last week, after failing to hit the £100m minimum target.
Closed-ended funds focused on alternatives and private assets have been much more successful in raising new cash, however. In the first half of 2021, trusts in the Renewable Energy Infrastructure sector – where HGEN may not sit, but has some natural affinity – raised

Ineos backs UK's first ‘clean hydrogen’ trust in £250m launch
By Jeremy Gordon 05 Jul, 2021
12Comments
HydrogenOne Capital Growth (HGEN) has already secured a cornerstone investment of at least £25m from Ineos, the world’s third-largest chemicals company, controlled by billionaire Jim Ratcliffe.
The ‘first of a kind’ investment company, which is seeking to take advantage of burgeoning activity in the space during the energy transition, will be managed by sector specialist HydrogenOne Capital.
In a document revealing its intention to float, HGEN said it would aim for a total return of 10-15% annually by investing in a mix of public companies and private businesses not quoted on any stock exchange.
The lead managers of the portfolio will be John Joseph Traynor, who has held several senior banking and energy sector roles including executive vice-president at Shell (RDSB); and Richard Hulf, a fund manager with 30 years’ experience in the utilities and energy sectors.
Targeting hydrogen and complementary hydrogen-focused assets, the managers said the fund would have an investible universe of around $90bn. They have identified 36 prospective investments, including a number where they have conducted detailed due diligence and made indicative non-binding offers.
The managers said they saw the potential for ‘green’ and ‘blue’ hydrogen projects, or both those where hydrogen is generated by renewable energy sources, as well as ‘blue’ hydrogen produced using natural gas where the emissions are captured and stored.
‘Clean hydrogen is a fast-moving and complex sector, that commands a specialist approach with access to private equity, to unlock value for shareholders. We have established HydrogenOne to fill that gap,’ said Hulf.
Ineos Energy will make a strategic investment of at least £25m in the initial public offering (IPO) and has been granted the right to co-invest in any additional capacity in private projects identified by HGEN, as well as the right to appoint a non-executive director to its board.
Brian Gilvary, Ineos Energy’s executive chairman, said the investment would ‘help to accelerate and diversify Ineos’ existing clean hydrogen strategy’.
‘It marks the beginning of another substantial and long-term partnership, opening new windows into the clean hydrogen world for Ineos,’ he said.
According to HydrogenOne, there has been a sharp acceleration in clean hydrogen projects, with a 60% increase in announced production capacity in the period to 2030 over last 12 months.
The HGEN launch follows the Liontrust’s decision to pull its plans for an investment trust focused on environmental, social and governance principles last week, after failing to hit the £100m minimum target.
Closed-ended funds focused on alternatives and private assets have been much more successful in raising new cash, however. In the first half of 2021, trusts in the Renewable Energy Infrastructure sector – where HGEN may not sit, but has some natural affinity – raised

Respected writer in Sunday Times, Business, Section Ian Cowie: new trust offers chance to buy hot sector without overpaying

hTTps://www.ii.co.uk/analysis-commentary/ian-cowie-new-trust-offers-chance-buy-hot-sector-without-overpaying-ii520909

Worth noting HL has a deal where you will gain an additional 0.5% of shares as a bonus for your initial investment! (ii and AJ Bell are not offering such a bonus.)

hTTps://citywire.co.uk/investment-trust-insider/news/hydrogen-trust-fights-bezos-and-gates-for-green-sweet-spot/a1533699

Don't miss the HGEN IPO to diversify in this sector:

Re: the HJGEN IPO (From ADVFN site) : Ian Cowie: new trust offers chance to buy hot sector without overpaying

hTTps://www.ii.co.uk/analysis-commentary/ian-cowie-new-trust-offers-chance-buy-hot-sector-without-overpaying-ii520909

Re HJGEN IPO From ADVFN site: Ian Cowie: new trust offers chance to buy hot sector without overpaying

hTTps://www.ii.co.uk/analysis-commentary/ian-cowie-new-trust-offers-chance-buy-hot-sector-without-overpaying-ii520909

Re HGEN IPO from ADVFN site:
Ian Cowie: new trust offers chance to buy hot sector without overpaying
hTTps://www.ii.co.uk/analysis-commentary/ian-cowie-new-trust-offers-chance-buy-hot-sector-without-overpaying-ii520909

Re HGEN IPO on ADVFN board :

Ian Cowie: new trust offers chance to buy hot sector without overpaying

hTTps://www.ii.co.uk/analysis-commentary/ian-cowie-new-trust-offers-chance-buy-hot-sector-without-overpaying-ii520909

Let's hope that the AGM on 29th July gives us something definite and something positive..

Filling the CEO vacancy soon is a must.

HydrogenOne listed AFC as an existing holding on today's webcast.

Our applications are through our broker who did the IPO for us. The applications go through once each month.

The £1.00 price for the subscription goes up in August /

It looks worth applying now if you can as the company seems to be delivering on the IPO statements.