Green hydrogen: Hygen secures multi-million-pound funding to scale UK hydrogen production
Hygen Energy has secured a multi-million-pound funding deal to expand its green hydrogen production capacity at Tyseley Energy Park in Birmingham and develop additional sites across the UK.
The financing, which is provided by HSBC Equipment Finance, will support Hygen’s mission to scale up low-carbon hydrogen supply for transport, construction, and heavy industry.
The Tyseley site is already supplying green hydrogen – the kind produced via electrolysis using clean renewable energy – to major customers including National Express and JCB, helping them cut emissions from buses and construction machinery.
But this is just one piece of a much bigger plan. Hygen is targeting over 500 MW of low-carbon hydrogen production across the UK and Europe, aiming to support mobility, construction, and hard-to-electrify industries with clean fuel at scale.
Backing hydrogen growth
Hygen’s CEO, Kevin Selleslags, sees the funding as a catalyst for accelerating the UK’s hydrogen rollout, saying:
“We are committed to leading the way in developing and delivering more low-carbon hydrogen projects across the UK, so HSBC UK’s confidence in our business, and the potential of hydrogen as a low-carbon energy source, is truly encouraging.
“Securing this bank funding also sends an important signal to the market about the opportunities for this technology.”
While hydrogen adoption is gathering pace, financing has been a key hurdle – something this deal aims to address.
HSBC UK’s Akhil Shah, Relationship Director, acknowledges the need for better access to capital, saying:
“The green hydrogen industry is still in its early stages of development and requires better access to both equity and debt funding to truly take off.
“This deal underlines HSBC UK’s commitment to this emerging sector, supporting the development of new technologies essential for the transition to a net-zero economy.”
Part of a bigger hydrogen ecosystem
Hygen sits under HydraB, the umbrella group for several ‘Road to Zero’ companies backed by Jo Bamford, including Wrightbus and Ryze Hydrogen.
This puts Hygen in a strong position to integrate hydrogen production with end-use applications, from fuel cell buses to industrial projects.
With the new funding secured, Hygen is poised to accelerate its hydrogen infrastructure rollout, pushing towards its 500 MW target and strengthening the UK’s green hydrogen supply chain.
As demand for hydrogen ramps up, getting production in place now will be critical – and this latest investment puts Hygen firmly in the race to deliver.
