United Hydrogen Limited (UHL) was established with the goal of becoming the first hydrogen unicorn in the world and the industry leader in a market expected to be worth US$201 billion by 2025.
In order to scale up its successful special-purpose vehicle (SPV) model, which entails using a methodical approach to identify high-growth hydrogen projects and creating SPVs with technology partners to quickly unlock their value, UHL will look to list on a suitable exchange in the second half of 2023.
By close collaboration with its partners over the past three years, the Company has grown the market capitalization of 11 hydrogen firms from zero to $600 million.
In addition, UHL has successfully exited seven businesses during the past 18 months, returning $23.5 million to shareholders. Contact us right away if you have a green energy project or if you want to find out more about the pre-IPO cash raise.
The Business is focusing on the expanding hydrogen market because many experts believe that it offers the best chance of achieving net-zero objectives cheaply.
Hydrogen has the capacity to deliver safe, dependable power to the grid as well as fuel for stationary engines that are used to power mining operations, distant villages, or building sites. It can also be utilized as a transportation fuel.
Because of this, it seems inevitable that hydrogen will eventually become a significant decarbonization lever with the ability to meet the world’s energy needs.
Australia is ideally positioned to lead the transformation since it has the necessary natural resources and a solid international exporting reputation. Owing to a significant inflow of funds from both private and public investors, Australia today has the largest announced pipeline of hydrogen projects in the world, comprising 22 major projects with a combined value of up to $300 billion.
According to estimates, Australia may export more than a million tonnes of hydrogen annually by 2030, bringing in almost $4 billion in revenue.
Growth Plan for IPOs and Valuations
Only 9 of the 37 businesses and projects that UHL owns interest in have been included in the company’s current $39 million value, which is conservative given the advancement each has made since being confirmed by independent auditors.
UHL will raise pre-IPO rounds as part of its IPO strategy in order to promote its advanced firms and realize the potential of projects that are currently valued at zero, which they predict will treble their valuation prior to listing.
Specifically, UHL will engage with its companies to give the resources required to achieve significant commercial success and generate profitable liquidity events. UHL will also further finance its companies.
Each business has its own board of directors and management team made up of engineers and industry experts, and UHL offers business support, access to funding, and networking opportunities to help businesses grow more quickly.
Ten advanced companies UHL will focus on:
- H2X Global: Delivering hydrogen-powered trucks, utes, buses and generators to customers in 2023 and is on track to execute an IPO in 2023.
- National H2 plans to build 200-plus plastic-to-hydrogen plants across the APAC region via agreements with a publicly-listed technology partner along with a global conglomerate as the key project partner.
- H2i Technology: Developed a patentable hydrogen injection technology for diesel engines. Currently manufacturing ten commercially ready units for field testing with potential customers across the steel manufacturing, agriculture, construction, mining and hospitality/tourism industries.
- Aviation H2: Developing a patentable method for converting jet engines to hydrogen fuel. Currently finalising the development of its prototype turbine, which it will use as a proof of concept to convert a plane for a test flight in 2024.
- Poseidon Marine H2: An independent consultant has provided a digitised proof of concept for its technology, which will allow boats to operate off multiple fuels, including hydrogen and diesel. Currently securing insurance certification from Bureau Veritas, a patent, and will soon begin building its prototype vessel.
- Patriot Hydrogen: Fabricated its first waste-to-hydrogen unit, which is due to be delivered to a customer in 2023 and has three signed agreements for projects that have an NPV of $12.2m. Patriot Hydrogen also has a considerable sales pipeline equating to a potential $750m in value.
- Hydrogen Plus: Plans to develop low-carbon hydrogen projects across the globe, with its first plant — the Moreton Bay Hydrogen Hub — expected to be operational in early 2024, which will initially produce 500kg of hydrogen per day, scaling up to 2,500kg.
- Titan Hydrogen: Has completed lab-scale testing of its fuel cell technology, which results show has the potential to increase the efficiency of fuel cells by 40-60%. Once successful, the company will have a patented fuel cell technology that is best-in-class and overcomes the major cost-benefit challenges the industry faces.
- Iconic EV: Developed a cutting-edge method for converting any pre-1996 vehicle to electric power, using Tesla batteries and power trains. The company intends to target Australia’s historical vehicle owners who spend A$2.2b annually on their cars.
- Pure Biochar: Currently conducting a feasibility study into building a biochar production facility, which will target green steelmaking, clean construction/building materials and agriculture (fertiliser).
Four emerging companies & projects UHL will focus on:
- Power Hydrogen: Plans to acquire an existing pellet plant with substantial contracts already in place and convert it into a state-of-the-art hydrogen facility.
- Voyager H2: Plans to conduct a feasibility study with an established technology partner into natural hydrogen exploration.
- LibertyAir: Conducting a feasibility study to develop Australia’s first carbon-free air freight company using hydrogen-powered airships from metropolitan cities to regional hubs.
- Trojan Hydrogen: Conducting a feasibility study into becoming one of the world’s first hydrogen storage, haulage and distribution operators.
By making sure it develops a set of businesses that span the whole hydrogen market, from production to end-use, across these 14 firms and projects, UHL is reducing risk. In addition, UHL has 23 other projects in the works, bringing the total number by 2024 to over 100.
