HSBC UK will provide “multi-million-pound funding” to Hygen Energy to expand capacity at its green hydrogen production site in Birmingham, UK.
Through HSBC Equipment Finance, Hygen will receive backing in the form of asset finance lent to advance its facility at the Tyseley Energy Park (TEP) and develop additional sites across the UK.
From its refuelling unit at the Tyseley site, Hygen supplies hydrogen to major customers such as National Express and JCB for their decarbonisation initiatives.
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