The first Norwegian Limited Partners in AP Ventures Fund II, focused on investing in the hydrogen economy, are Nysn Climate Investments, Equinor Ventures, and Yara Growth Ventures.
The fund aims to invest in the rapidly expanding hydrogen industry. This investment is intended to aid in the development of a well-functioning hydrogen industry and value chain in Norway and around the world.
From manufacturing to transport, storage, and end use, AP Ventures invests globally in the hydrogen value chain. Due to the availability of hydropower, carbon capture, utilization, and storage (CCUS) capacity, large shipping and offshore industries, and a leading role in the process industry, Norway is a priority for the Fund as a strategic location for green and blue hydrogen.
ZEG Power and Hystar are two Norwegian technology companies in which AP Ventures has already invested. Hystar produces green hydrogen through PEM electrolysis, while ZEG Power produces blue hydrogen with integrated carbon capture.
By investing in AP Ventures, Nysn Climate Investments, Equinor Ventures, and Yara Growth Ventures, you will help create companies and innovations that will help establish a low-emission hydrogen economy.
Hydrogen is a promising energy carrier for reducing pollution from difficult-to-abate sectors such as manufacturing processes and long-distance transportation. According to Bloomberg New Energy Finance, renewable hydrogen could account for 24% of global energy demand in 2050, up from 2% in 2020.
AP Ventures now has USD 344 million in assets under management, thanks to commitments from Nysn Climate Investments, Equinor Ventures, and Yara Growth Ventures. Anglo-American Platinum, Implats, Mirai Development Fund, Mitsubishi Corporation, Pavilion Capital, Plastic Omnium, Public Investment Corporation, and Sumitomo Corporation are among the existing investors.