Chariot is establishing and advancing prominent, scalable, pioneering roles in major energy projects across Africa. Since 2022, a strategic alliance with TotalEnergies H2 has been in place to develop the up to 10 GW electrolyser Project Nour in Mauritania, marking it as one of the continent’s most advanced green hydrogen initiatives.
Chariot is also collaborating with major industrial consumers to provide green hydrogen for use in steel production, fertilizers, and sustainable aviation fuel (SAF). Furthermore, the company is advancing a further lineup of top-tier green hydrogen projects.
HH2E is a forward-thinking utility company that is leading the charge in the energy transition. Their focus is on industrial customers, utilizing a unique and highly competitive technology mix centered around a zinc-based electrolyser that provides highly cost-competitive green hydrogen.
The company is comprised of an exceptional team with world-class technical and commercial skills and a proven track record of building successful businesses. Their ambitious goal is to become a Top 10 producer of green energy in Europe by 2030. The CEO, Alexander Voigt, has founded and raised several successful companies in the renewable energy field, including Q-Cells, Solon, Younicos, and Lumenion.
Thanks to the support of Hardy Limont, HH2E was able to complete an equity raising round with HydrogenOne and Foresight, securing funding for five large-scale projects on May 16th, 2022.
HH2E, in partnership with MET Group, is currently constructing one of the largest European green hydrogen production facilities in Lubmin, Germany. The facility will have an input power of 100 MW (6,000 tons/year of H2) by 2025 and 1 GW (60,000 tons/year of H2) by 2030.
Hive Energy, established in 2011, has been at the forefront of investing in innovative solutions to help protect our planet. They specialize in solar energy and are currently focused on developing a fully sustainable energy source and storage solution in the form of green hydrogen. This supports wider system integration and meets the needs of smart energy system transformation.
Hive Energy has adopted a sector-focused strategy, aiming to collaborate with strategic and offtake partners to scale up green hydrogen/ammonia production in Spain, with a particular focus on local refueling networks, industrial and refining users, as well as exports to other European regions and countries.
The company has secured over 13,000 hectares of land in Southeast Spain to build approximately 1.6-2.2 GW of green hydrogen/ammonia production combined with 2.7-4 GW of solar and wind generation. The location is unique due to its close proximity to the main gas grid, major highways, and freight rail network, which connects to major industrial ports, including Sagunto and Valencia. The first project is expected to install a 1.6 GW electrolyser, along with 2.2 GW of solar PV, 581 MW of wind energy, and an energy storage system.
In South Africa, Hive Hydrogen's £5 billion giga-scale project is leading the Just Energy Transition in Nelson Mandela Bay. In November 2022, the company announced the alignment of its Coega Green Ammonia project with the Just Energy Transition at the Eastern Cape Investment Conference in Buffalo City, South Africa. This project is the first of its kind in Africa that meets the critical criteria needed for this transition to take place.
The Hive Hydrogen team is active globally, with projects in Spain, Greece, Italy, Turkey, Africa, LATAM countries, and more.
In March 2023, Hardy Limont and Kite joined forces to pursue new energy transition opportunities. Kite specializes in providing institutional investors with long-term investment options in transportation and critical-use industrial equipment that align with the energy transition. The Kite team, with more than a decade of experience working together, focuses on transportation, logistics, and equipment businesses.
Their expertise was developed during their tenure at Citi Alternative Investments and previous roles at Lazard, Napier Park, Citibank, and Eurazeo. Over the years, they have managed assets worth over $7 billion and issued $10 billion in financings across renewable energy, logistics, transportation, and equipment sectors.
Energy Revolution Ventures (ERV) is a new venture capital firm based in the UK that specializes in electrochemistry and is currently raising its first fund.
ERV's unique approach sets it apart from many other firms in the energy transition sector as it believes that electrochemistry is the key technology that will drive the transition. Focusing solely on this area gives ERV a distinct advantage in generating significant returns in a market that is projected to see $1.5 trillion in annual spending by 2050 according to the IEA.
The company has already completed six investments and is currently conducting due diligence on three more. These completed investments reflect the GP's commitment to ERV Fund I, which is set to have its first close in early January 2023 with $12.2 million in assets and a target of $100 million.
PeakBridge's investment strategy centers around scalable proprietary technology companies that have a demonstrated long-term impact on health, the environment, and food systems, addressing unique pain points recognized along the agri-food value chain from the consumer, industry, and impact perspectives.
In September 2022, Hardy Limont was tasked with introducing new investors to the PeakBridge Growth Fund II (SFDR 9), a €150-200m early growth impact fund that targets a net IRR of 20-25% and focuses on impact investments.
S.W. Mitchell Capital is an investment boutique based in London that specializes in European equities. Established in 2005, the firm manages assets for a diverse global client base, including pension funds, endowments, financial advisers, charities, family offices, and high net worth individuals.
In partnership with Hardy Limont, LGBR Capital has formed Matchless Capital, which aims to launch a new ESG European Equity Fund (UCITS, ex UK) in late 2023.
As of now, S.W. Mitchell Capital manages assets worth £1 billion or more.
In March 2021, Hardy Limont formed a partnership with LGBR Capital to distribute funds to the wholesale retail market in the UK. This joint venture is called Matchless Capital.
LGBR Capital provides outsourced distribution services for asset managers, offering a wide range of products including long only funds, alternative and closed-end funds, and tax-advantaged products. With extensive resources and coverage of multiple geographies, LGBR Capital is one of the largest distributors in the UK market, having raised £10bn since 2012.
Frontier ESG Advisory uses its formulated InveSTABLE system to provide a bespoke solution to clients, guiding and assisting in the operationalising of the Environmental, Social and Governance (ESG) components on the ground, across their frontier and emerging market investments.
The Frontier ESG Advisory team listens, collates, analyses, and makes recommendations aligned with each investment’s core business, partnership requirements and ESG commitments.
WakeUp Capital is an early-stage venture capital fund based in Ireland investing in a more sustainable and inclusive future: an undeniable path toward attractive returns and lasting impact.
WakeUp Capital’s Fund I will back up to 30 visionary Irish and European founders with seed investments ranging from €250K - €750K with capital reserved for follow-on rounds of outperforming companies. 80% of Fund I’s target size of €50m has been committed with a target close in Q3 2023. To date the fund has secured commitments of ~€43m. €35m from anchor institutional LPs (European Investment Fund, Irish sovereign fund ISIF and Enterprise Ireland).