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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hydrogenone Capital Growth Plc | HGEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 21.50 | 08:18:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 21.50 | 21.40 | 21.50 | 21.50 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 31/3/2025 23:31 by pj84 Not sure whether any impact on HH2E shareholders including HGEN but it demonstrates the project was viable and the previous announcement of various bidders in the administration process has proved to be accurate."H2APEX takes over strategically important hydrogen project from HH2E at the Lubmin site 31. March 2025 H2APEX is expanding its industrial hydrogen business in Lubmin, the most important location for the German hydrogen industry Acquisition strengthens strategic focus on expanding its own hydrogen production Up to 1,000 MW of additional electrolysis capacity to produce green hydrogen Completion of the first expansion stage of 100 MW each in both Lubmin projects planned for 2028 Rostock, Grevenmacher (Duchy of Luxembourg), Lubmin, 31.03.2025 – H2APEX from Rostock and 100% subsidiary of H2APEX Group SCA (ISIN: LU0472835155), a leading developer and operator of green hydrogen electrolysis plants, has taken over the hydrogen project of the Hamburg-based company HH2E at the Lubmin site and intends to complete the plant planned by HH2E for the production of green hydrogen. As part of its strategic focus on expanding its own hydrogen production, H2APEX is thus expanding its activities at the most important location of the German hydrogen industry and now has two projects for the production of green hydrogen on the site of the former nuclear power plant on the Greifswald Bodden. With the new project, H2APEX will also take over the land as well as all media and connections necessary for a successful hydrogen project, including the existing connections to the electricity and water supply. In addition, there is direct access to several pipelines that are to be converted to hydrogen operation by 2027, and thus the connection to the German hydrogen core network. Peter Rößner, CEO of H2APEX: "With the acquisition of the project in Lubmin, H2APEX is strengthening its position as a national and prospective international hydrogen supplier. As a hub of the German hydrogen core network and with its proximity to offshore wind farms, Lubmin is the most promising location for the German hydrogen industry. The newly acquired project complements the existing commitment in an excellent way. It enables us to exploit synergies, increase efficiencies and thus achieve a strategic competitive advantage. In doing so, it contributes to our strategic goal of driving forward and accelerating the expansion of our hydrogen production capacities." H2APEX sees great potential in the ongoing consolidation of the green hydrogen market in Germany. The Group is well positioned to take over projects from withdrawing competitors, thereby gaining market share and emerging stronger from the current consolidation phase. In the medium to long term, the Group therefore expects to generate the majority of its revenues from operating its own facilities, thus ensuring greater revenue stability, predictable cash flow and improved scalability, thus creating a solid basis for sustainable long-term growth. H2APEX has already been developing an electrolysis plant on its own land in Lubmin since 2023, with the first expansion stage of 100 MW planned to be completed in 2028. In the future, green hydrogen with up to 600 MW of installed electrolysis capacity is to be produced there. With the takeover of the project from HH2E, the construction of another plant of 100 MW in the first expansion stage is planned by 2028, which is to be expanded to 1,000 MW in the medium term. The electricity used for both projects comes mainly from northern Germany and exclusively from renewable sources, so it is 100 percent "green". Thanks to the proximity to the hydrogen core grid, the offshore wind farms and the existing substation, the strategically extremely favourable conditions for successful implementation are in place. The planned investments of a three-digit million € amount for the first expansion stage of the project taken over by HH2E include the construction of the necessary infrastructure, expert opinions, study, planning and approval services as well as internal and external personnel costs. H2APEX is carrying out the construction and operation of the plants in-house and can draw on the know-how from previous successful projects as well as on an extensive network of partners in all technical areas. This is demonstrated, for example, by the existing in-house plant at the headquarters in Rostock-Laage as well as the "H2-Wyhlen" and "HyBit" projects in Bremen, for which H2APEX is building the electrolysis plants." |
Posted at 21/3/2025 22:44 by pj84 The announcement of the appointment of the CFO of INEOS Energy Europe after close of trading today looks interesting. When the holdings of major shareholders were included in the Apr 24 accounts INEOS was the biggest shareholder with 19.4%. There have been no RNS's since then showing any change in there holdings and they must have suffered a major loss on there investment and hopefully this is a sign that they want to take a more activist role to try and ensure value is restored to their investment in HGEN."The Board of HydrogenOne Capital Growth plc (the "Company") announces that Mr David Bucknall is stepping down from the Board effective immediately. The Company is pleased to announce the appointment of Mr Erik Magnesen, as Non-Executive Director of the Company with immediate effect. Erik is currently Chief Financial Officer of the INEOS Energy Europe group of companies and has been nominated as the Board representative of INEOS UK E&P Holdings Limited ("INEOS Energy") pursuant to the relationship and co-investment agreement entered into between, inter alia, INEOS Energy and the Company at launch, replacing David Bucknall." |
Posted at 14/3/2025 23:41 by pj84 Not HGEN related but a further demonstration of hydrogen gaining traction. |
Posted at 14/3/2025 06:21 by kooba A recent oakbloke piece on IP group had this piece on Bramble a HGEN portfolio holding , for interestBrambleBramb |
Posted at 05/3/2025 16:53 by kooba Exaggerated they get 1.5% on the private assets.They have sold the listed interests.So the private assets are valued at £113.5m ( down from £129.9 in Sept 2024)So that gives them £1.7m a year to run the assets and we are fully invested so can't make new investments...what we hold we are relatively small holders so somewhat passive.So they get £1.7m a year to run a fund the market values at less than £26m...so they get 6.6% of the market cap a year. At least someone has done well out of this as the managers have sold their mandate to a larger outfit ..buying the funds under management and the income stream.We have let to see why and how their personal transaction will benefit HGEN shareholders...in fact there was no positive reaction at all and the ongoing massive discount to their stated assets just keeps getting wider as we now trade at a 78% discount to recent asset value update.If they believe the values and can achieve any monetisations they need to sell whatever they can and go about an aggressive tender buyback and then wind down in the interests of all holders.They wont. |
Posted at 21/2/2025 18:49 by pj84 amt thanks for posting those links.As kooba points out, it isn't clear what percentage HGEN owns in Sunfire, but what we do know, is that in the Q4 update on 5 Feb, HGEN valued it's stake in Sunfire at £32m which represented 27.8% of the total HGEN NAV at that point. That will have been before todays news which further demonstrates that despite all of the headwinds currently facing the renewables sector, Sunfire appears to be achieving continued commercial success and if it becomes one of the longer term winners, then as private investors we would have no other way of getting exposure to that potential than through HGEN. Ultimately we can only say for certain what an investment's actual value is once it has been realised, and in these dark and depressed times, I do get some comfort for my decision not to sell from the fact that the current NAV for Sunfire of £32m represents more than the market value of HGEN at these depressed prices on it's own. At the moment like HGEN I am assuming there is no value in the investment in HH2E but it would be a nice surprise if anything is salvaged if a deal is agreed at the end of the month. |
Posted at 21/2/2025 10:44 by amt Sunfire appears to be valued at 1 billion euros. Not sure about that.HGEN seems to have a 20% stake. So overall valuation of Hgen at 27m doesn't make sense. |
Posted at 18/2/2025 21:15 by slicethepie The sector is at last attracting some activists, Christopher mills of Harwood is raising a £50m fund to narrow discounts within the alternatives sector. Hgen will need to be proactive and reducing fees is a start...too many overpaid so called experts and not enough money makers. |
Posted at 06/2/2025 22:23 by pj84 I completely agree that share buybacks make most sense when shares are most undervalued (and its hard to see they can be much more undervalued than at a discount to NAV of about 75%) but at the moment it doesn't appear anything is going to be a catalyst to the share price until HGEN makes its next realisation, which unless it is a partial realisation, has to now be bigger than the recent Gen2 £3m.If its a bigger realisation near or at a premium to NAV hopefully that will help the share price to improve before any decision can be taken on how to then use those proceeds. So unfortunately, it appears, the choice at the moment is to wait or to sell at a very undervalued price. |
Posted at 05/2/2025 07:57 by kooba Working better for the managers than the investors.HydrogenOn |
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