Cordiant Capital, the specialist global infrastructure investor and real assets manager, is pleased to announce the acquisition of HydrogenOne Capital LLP, an alternative investment firm focused on investing in hydrogen assets and their role in the energy transition, marking a decisive move to capture the immediate opportunities in the clean hydrogen sector. This acquisition reflects Cordiant’s confidence in the hydrogen sector and the opportunity it represents now and in the future as part of the wider energy mix.
The transaction will see HydrogenOne Capital LLP rebranded as Cordiant HydrogenOne, within Cordiant’s Energy Transition division. Cordiant HydrogenOne will retain the existing investment advisory relationship, with no changes to the terms and conditions thereof, with HydrogenOne Capital Growth plc, the first UK-listed hydrogen fund investing in clean hydrogen for a climate-positive impact (LSE Ticker: HGEN). This transaction allows Cordiant to build on its existing UK-listed company strategy, while providing existing shareholders of HGEN the benefit of enhanced resources, broader market access, and a resilient pathway to realising the long-term value of the hydrogen ecosystem.
“‘My partners and I are delighted that the HydrogenOne team is joining the Cordiant family. JJ, Richard and team bring deep domain expertise in hydrogen along with a powerful combination of investment expertise and operational skills. In combining Cordiant’s global investment capabilities with HydrogenOne’s deep technical knowledge in the hydrogen value chain, we look to build even more value for HydrogenOne shareholders even as we expand Cordiant’s skills and product offering in the energy transition infrastructure sector”, said Benn Mikula, Managing Partner and CEO of Cordiant Capital.
With over $4 billion in committed capital under management, this transaction aligns with Cordiant’s established strategy of providing growth capital solutions within ‘Infrastructure 2.0’ in three focus sectors. These sectors – energy transition infrastructure, digital infrastructure, and agriculture value chain – are characterised by secular growth tailwinds, technology dynamism, a sustainability overlay, and require specialist expertise.
Industry veterans Dr JJ Traynor and Richard Hulf will bring their deep hydrogen experience to Cordiant HydrogenOne, complementing Cordiant’s existing capabilities. Together, this transaction will offer Cordiant’s global investor base exposure to what we believe will be one of the defining investment opportunities of the energy transition.
Dr JJ Traynor and Richard Hulf, Managing Directors, Co-Heads of Cordiant HydrogenOne, an Investment Adviser to the Company, commented: “Through this partnership, Cordiant HydrogenOne has the opportunity to unlock substantial growth potential, accelerating hydrogen infrastructure development. Our existing shareholders can benefit from enhanced resources, broader market access, and a resilient pathway to capturing the long-term economic potential inherent in the hydrogen ecosystem. This is a strategic positioning at the frontier of a sector poised for growth, where innovation, technological advancements and climate imperatives converge”.
The hydrogen sector is seen to be navigating a critical inflection point in its technological and market development – suspended between genuine transformative potential and the realities of complex implementation. Yet Cordiant believes that innovation, targeted policy support, and serious institutional investment are converging, creating a real pathway for scalable deployment. The global momentum towards decarbonisation is no longer a distant aspiration, but an urgent, tangible reality. The Hydrogen Council estimates that hydrogen could meet 18% of global energy demand by 2050, creating a market worth $2.5 trillion per annum.[1] McKinsey’s projections are equally optimistic, suggesting that by 2050, hydrogen could meet 19% of global energy demand, 30% of transportation fuel demand, and 15% of industrial energy demand.[2]
