.
MergerLinks Header Logo

New Deal


Announced

Completed

Modern Energy completed the $20m investment in NovoHydrogen.

Financials

Edit Data
Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

hydrogen project developer

Acquisition

Completed

Single Bidder

Minority

United States

Friendly

Alternative Fuels

Domestic

Synopsis

Edit

Modern Energy, a diversified clean energy company that invests in, builds and operates energy transition businesses to drive progress toward a zero-carbon economy, completed the $20m investment in NovoHydrogen, a green hydrogen project developer. “NovoHydrogen’s Matt McMonagle has assembled an impressive executive team, and their early-market presence and thoughtful go-to-market strategy have earned them significant development momentum. Green hydrogen is emerging as an essential piece of the energy transition. NovoHydrogen has both the demonstrated experience and excellent partnership network necessary to help push the industry forward. We are tremendously excited to partner with them to accelerate green hydrogen adoption in North America,” Chris Hamilton, Modern Energy CIO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US