Australian-based United H2 Limited (UHL) has announced it will expand its operations into the UK and Europe with a target of £250m ($314m) over the next six to 12 months.
UHL is one the world’s largest hydrogen conglomerates with positions in 37 companies and projects in the sector, including H2X Global, Infinite Green and Aviation H2.
The business model involves a systematic approach to founding hydrogen-related joint ventures with technical partners and build the business, generating substantial exits. So far UHL has achieved £24m ($30m) worth of cash returns to shareholders and generated $650m in market capitalisation across the conglomerate.
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