HSBC UK Partners with Hygen Energy to Drive Green Hydrogen Expansion in Birmingham
Key Ideas
  • HSBC UK is providing significant funding to Hygen Energy to expand its green hydrogen production capacity in Birmingham, showcasing support for low-carbon energy sources.
  • Hygen supplies hydrogen to major customers like National Express and JCB, aiding in their decarbonisation efforts and demonstrating the practical applications of green hydrogen.
  • The partnership signals confidence in the potential of hydrogen technology and its role in the transition to a Net Zero economy, emphasizing the importance of financial backing for the industry's growth.
  • The Tyseley Energy Park in Birmingham serves as a focal point for hydrogen-related activities, with projects like the green hydrogen refuelling station and ammonia-to-hydrogen initiatives contributing to the region's sustainable energy landscape.
HSBC UK has announced a strategic partnership with Hygen Energy to provide substantial funding for the expansion of the green hydrogen production capacity at Tyseley Energy Park in Birmingham, UK. The multi-million-pound investment through HSBC Equipment Finance will support Hygen in advancing its facility at TEP and establishing new sites across the UK. Hygen, a key player in the green hydrogen sector, supplies hydrogen to prominent clients like National Express and JCB for their sustainability initiatives. The CEO of Hygen, Kevin Selleslags, expressed gratitude for HSBC's support and highlighted the potential of hydrogen as a low-carbon energy source. This collaboration marks HSBC UK's entry into the hydrogen industry, with the bank's Relationship Director emphasizing the importance of funding for the sector's growth and the transition to a Net Zero economy. The Tyseley Energy Park has emerged as a crucial location for hydrogen activities, hosting projects such as the green hydrogen refuelling station operated by Hygen and ammonia-to-hydrogen initiatives by Ammogen. Overall, the partnership between HSBC UK and Hygen signifies a positive step towards promoting green technology and advancing sustainable energy solutions in the UK.
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