Protium announces £40.5m green hydrogen funding

The funding round was led by SWEN Capital Partners through its SWIFT 2 fund, an infrastructure fund dedicated to renewable gas and circular economy initiatives. Additional investment comes from Barclays’ Sustainable Impact Capital programme and existing Protium investors. It is the largest funding secured for a pure play green hydrogen energy company in the UK to date.

Protium provides end-to-end net zero energy solutions for specific end customers with net zero ambitions. It does this by designing, developing, financing, owning and operating green hydrogen and renewable energy infrastructure assets. By packaging multiple infrastructure assets together, Protium supports its clients to decarbonise their heat, power and transportation requirements through a commercial structure called HESCO.

This funding will allow the company to accelerate its growing portfolio of more than 250MW of green hydrogen projects, including its flagship project in Magor South Wales with Budweiser and its 40MW green hydrogen project in Teesside, through planning, engineering and permitting.