Antin Infrastructure Partners Invests in GTL Leasing, Boosting Hydrogen Equipment Leasing in North America
Key Ideas
- Antin Infrastructure Partners acquires a majority stake in GTL Leasing, a key lessor of gaseous hydrogen transportation and storage equipment in North America.
- The investment by Antin will support GTL in expanding its platform, broadening its product portfolio, and pursuing opportunities with customers, including cryogenic hydrogen transport and storage.
- GTL Leasing anticipates accelerated growth in providing hydrogen equipment leasing, compressor/dispenser platforms for fuel cell electric vehicle growth, and fuel cell generators with the strategic partnership with Antin.
- The NextGen Fund's investment in GTL Leasing is part of its focus on driving sustainable energy solutions and the 'grey to green' transition in logistics, aligning with previous investments in electric vehicle charging platforms and smart grid technologies.
Antin Infrastructure Partners has announced the acquisition of a majority stake in GTL Leasing, a prominent lessor of gaseous hydrogen transportation and storage equipment in North America. This investment, made by Antin on behalf of the NextGen Fund I, marks the fund's second investment in North America and its first in the hydrogen sector. GTL, founded in 2013, specializes in leasing high-pressure gaseous trailers and cylinders for transporting and storing hydrogen and other industrial gases.
The partnership with Antin is set to fuel GTL's expansion by enhancing its platform, diversifying its product range, and enabling pursuit of new opportunities in the market. GTL's CEO, Michael Koonce, expressed confidence in the strategic collaboration, aiming to strengthen their position in hydrogen equipment leasing and expand to cryogenic hydrogen transport, fuel cell electric vehicle infrastructure, and fuel cell generators.
Antin's substantial investment is expected to facilitate GTL in meeting the evolving infrastructure needs of customers, especially in the transition to hydrogen-powered vehicles. Delisa Leighton, the president of GTL Leasing, highlighted the significance of the capital injection in addressing customers' demands for storage, compression, and fueling solutions.
The NextGen Fund's €1.2bn raised in November has enabled investments in sustainable energy solutions, including GTL Leasing's hydrogen equipment leasing. Aligning with their vision for sustainable energy, Antin's partners emphasized the 'grey to green' transition in logistics, showcasing a commitment to green technologies and environmental initiatives.