Strategic Interconnections and Future Outlook

HYCAP’s portfolio companies continue to make significant strides in the energy transition, translating ambitious net-zero goals into tangible realities.?HYCAP is investing globally across Private Equity, Technology, and Infrastructure.?

This update highlights recent developments and HYCAP’s role in accelerating the shift towards a sustainable future across multiple sectors.

Transforming Road Transport

Wrightbus?maintains its leadership in zero-emission public transport, outpacing all European manufacturers in zero-emission bus registrations in Q1. As the fastest-growing bus maker in Europe, their expansion drives economic growth, creates green jobs at their Ballymena and Bicester sites, and supports a UK supply chain across 47 counties.

In a landmark deal, Wrightbus has signed a contract with The Go-Ahead Group to supply over 1,000 zero-emission buses over the next three years — its largest order to date. This deal will not only accelerate the transition to cleaner public transport across the UK but also secure 500 jobs and support an additional 1,500 across the wider supply chain.

Wrightbus is also enhancing its support services through?AllServiceOne, a comprehensive aftermarket solution that offers maintenance, parts, and training to maximise fleet uptime and efficiency. This end-to-end service ensures operators can maintain the optimal performance of their zero-emission fleets, further encouraging the transition to cleaner public transport. Additionally, NewPower UK is accelerating fleet decarbonisation by providing operators with faster, more affordable pathways to adopt clean transport solutions.

Complementing this progress,?Ryze, who specialises in numerous low-carbon power solutions, is establishing crucial hydrogen supply and infrastructure for their customers and partners. They are supplying hydrogen for FCEV (Hydrogen) fleet trials with Vauxhall Motors in Birmingham & Solihull, utilising their filling station at Tyseley Energy Park. Ryze’s collaboration with ZeroAvia is advancing hydrogen-powered aviation, with Ryze supplying hydrogen for engine and flight testing at Cotswold Airport. Their partnerships extend to supporting Scania’s development of hydrogen-powered heavy-duty trucks, showcasing hydrogen’s versatility across various transport modes. Additionally, Ryze has secured a long-term hydrogen supply agreement with Glass Futures, demonstrating hydrogen’s potential in decarbonising heavy industry, particularly glass manufacturing.

Zeti, our fintech innovator, secured ￡5 million in Series A funding from us here at HYCAP Group. With 4,500 vehicles already utilising their Zeti Hub digital platform, their Transport as a Service (TaaS) solutions are making clean transport adoption more accessible and cost-effective for businesses of all sizes.

Scaling Clean Energy Production

In the clean energy sector,?Yamna’s project in Oman, with consortium partners J-Power and EDF, represents a significant leap forward. The planned 4.5 GW of wind and solar capacity and 2.5 GW electrolyser for hydrogen production will support their landmark 1 million tonnes per year green ammonia project, positioning Oman as a pioneer in renewable hydrogen and illustrating the future of energy exports.

Domestically,?Hygen Energy’s significant hydrogen project in the Bradford region exemplifies effective stakeholder engagement. Their recent introduction event garnered strong support from politicians, local authorities and business leaders, uniting stakeholders to reimagine regional energy systems and establish a viable hydrogen economy. The project forms part of a broader plan for developing a network of hydrogen production plants.

Liquid Wind?is addressing the challenges of eFuel production scale-up. They’ve strengthened collaborations with industry leaders like Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, developing an industrial ecosystem conducive to rapid eFuel production expansion. Their modular approach to developing sustainable eMethanol facilities holds promise for replicating eFuel potential globally, particularly for hard-to-abate sectors such as shipping.

Innovation Across Scales

Gen2 Energy is advancing the development of large-scale green hydrogen production facilities in Norway. With projects like their flagship 100 MW plant in Mosj?en and additional sites in Suldal, Mer?ker, H?yanger, and R?d?y, they are poised to contribute to the supply of green hydrogen in Europe significantly.

HYKIT?is developing modular infrastructure to move, store, and utilise green hydrogen in underserved sectors, addressing critical gaps in the hydrogen value chain.

Ion Ventures continues to focus on integrating clean energy and flexibility technology into energy systems globally. Their work on developing renewable generation and clean electrification schemes is reshaping power grids and driving the clean energy revolution.

Strategic Interconnections and Future Outlook

HYCAP’s portfolio strategy is characterised by its diversity and interconnectedness, investing in a comprehensive ecosystem of solutions spanning green hydrogen production, innovative financing models, large-scale renewables, and distributed energy resources.

The potential for synergies between these companies is substantial, illustrating the comprehensive impact of HYCAP’s investment approach. As we move forward, HYCAP remains committed to identifying and supporting innovations that will drive the next phase of the energy transition.

In a global context where net-zero pledges abound, HYCAP’s portfolio distinguishes itself by turning ambition into action. Our investments are not merely financial allocations; they represent a commitment to a cleaner, more sustainable future. The progress demonstrated by our portfolio companies suggests that this future is increasingly within reach, as they actively shape the trajectory of the energy transition and redefine the energy landscape for the coming decades.

To learn more about HYCAP, click here.