Newlight Partners, a growth equity investor, completed an $157m investment in BayoTech, an on-site hydrogen producer, with participation from Cottonwood Technology Funds, Sun Mountain Capital and Fortistar. “Advances in fuel cell technology are driving demand for hydrogen in emerging applications, including in the materials handling, mobility and power sectors, where demand tends to be more distributed. BayoTech’s innovative approach to on-site hydrogen generation ensures that these end users, who are not well‐served by the incumbent industrial gas players, are able to get on-demand hydrogen at a competitive price. We are proud to be partnering alongside Mo and his talented team at BayoTech to support the company’s growth and bolster its position as a leading provider of sustainable and cost-effective hydrogen solutions as the global energy sector transitions to a less carbon-intensive future,” Mark Longstreth, Newlight Partner.