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Logan Energy secures £5-MM investment for strategic H2 development

Logan Energy has secured a £5-MM investment to develop its systems-led approach in the emerging H2 power sector. Logan Energy, based in Edinburgh, with manufacturing facilities in Wallyford and development facilities at Heriot-Watt University, has received more than 50% of the overall figure from green energy investment company, Lanxing New Energy, based in Singapore.

The balance of the investment was made by Scottish Enterprise who continue to support Logan on their strategic growth path. The funds will enable Logan Energy to develop its technology base and facilities, grow its workforce within the H2 sector in Edinburgh and expand internationally.

Bill Ireland, chief executive of Logan Energy said, "We have been working in the H2 sector for decades and see the energy market focusing on how H2 fits within the increasingly complex energy mix. Over the years, we have delivered to meet the changing demand and developed bespoke solutions which have now become our standard offering.

“This investment allows Logan Energy to move forward with our mission to secure our position as an industry leader providing Integrated H2 Energy Systems and Energy Transition Solutions across all market sectors. It will also allow us to address the supply chain issues the industry is facing by developing key relationships with OEMs and equipment developers around the globe and ramp-up our ground-breaking Research & Development (R&D) capabilities here in the UK using our unique know-how around H2 systems.

“Lanxing New Energy shares our ambition around the massive potential for the integration of H2 energy systems and the investment from Scottish Enterprise will help develop our vital R&D function and allow us to build a skilled, well-rewarded and long-term workforce in the H2 economy.”

Lanxing New Energy chief executive, Dr Yuxuan Zhang said, “We’ve been impressed with the Logan Energy team and the progress they are making in the UK and European market. We are clear that energy systems involving H2 have a vital part to play in the transition to a low-carbon economy across the world. For us, it has been about finding the best partner to understand the complexities of integrated energy systems and develop advanced H2 technologies. We believe Logan Energy to be best in class. Over the coming months we aim to announce several new capabilities for the H2 market as we further develop Logan’s strategic plan.”

Scottish Enterprise chief executive Adrian Gillespie said, “Logan Energy is pushing to the forefront of the H2 sector with its unparalleled whole-system expertise, products and services. With H2 as one of the transformational opportunities Scottish Enterprise is targeting as part of our future focus, Logan is a perfect fit for us to partner with in this investment.”

Logan Energy has been working with a range of clients on a variety of projects in the Netherlands, Germany, Northern Ireland, Ireland, Spain, Singapore and China. In Scotland, the company is installing a H2 electrolyzer at Arbikie Distillery near Montrose which will enable the distillery to power its operations partly from environmentally-sustainable green H2 – that is H2 created using renewable electricity from the wind turbine and local water sources.

The UK Government aims to deliver up to 10 GW of low-carbon H2 production capacity by 2030, with at least half of this from electrolytic H2. It also aims to have up to 1 GW of electrolytic H2 and up to 1 GW of carbon capture, utilization and storage-enabled H2 in operation or construction by 2025.

The global H2 generation market size was estimated at $170.14 B in 2023 and is expected to grow at a compound annual growth rate of 9.3% from 2024 to 2030.