HGEN is an investment company that aims to deliver capital growth by investing in hydrogen-focused assets while integrating ESG principles. The diversified portfolio includes clean hydrogen supply, large-scale energy storage, carbon capture, hydrogen distribution, electrolysers, fuel cells, and hydrogen applications in transport, power generation, and heat. Investments are divided into Private Hydrogen Assets, mainly non-controlling equity positions held medium to long-term, and Listed Hydrogen Assets, primarily long-term equity securities.

In this interview, John Hughman speaks to the company’s co-founder Richard Hulf about the evolution and potential of hydrogen investments from hype to reality; the transition from traditional oil and gas to hydrogen and the importance of leveraging the team’s extensive sector experience to capitalise on emerging opportunities; the role of active involvement on the management boards of these companies; and the importance of government policies in promoting sector growth which points the company towards strategic investments in Europe, particularly Germany and Norway, where strong policy support exists.