HydrogenOne Capital Growth PLC, trading under the symbol HGEN in the United Kingdom, has reported a positive update for Q2 2024. The company maintained a consistent Net Asset Value (NAV) per share at 103.60 pence, reflecting a 2.9% increase compared to the same period last year, showcasing stable growth. Notably, the private portfolio companies under HydrogenOne demonstrated robust performance, with an impressive 44% surge in total revenue over the last year. This growth was fueled by substantial investments in clean hydrogen innovations. Specifically, HydrogenOne participated in a €140 million funding round for Elcogen, a notable player in the clean energy sector, and strategically expanded operations for HiiROC in the US. These strategic moves have not only boosted the individual companies but have also contributed to the overall success of HydrogenOne's investment portfolio. The company's ability to attract continued interest from strategic investors underscores the significant potential of the renewable energy sector and validates HydrogenOne's effective growth strategy. Investors seeking further information on GB:HGEN stock performance can refer to TipRanks' Stock Analysis page for additional insights.