Oil & Gas News – Late January 2025

Hygen, a low-carbon hydrogen developer, has struck a funding deal with HSBC UK to expand its Birmingham production site and develop new locations across the UK.

The deal marks HSBC UK’s first foray into the green hydrogen sector, with multi-million-pound asset finance secured against Hygen’s site at Tyseley Energy Park.  Based at its Tyseley site, the company supplies green hydrogen to customers like National Express and JCB to help with their decarbonisation efforts.

https://www.thebusinessdesk.com/westmidlands/news/2093651-hydrogen-developer-secures-multimillion-pound-funding-for-birmingham-site?utm_source=newsletter&utm_medium=email&utm_campaign=WestMidlands_17th_Jan_2025_Daily