Modern Energy completed the $20m investment in NovoHydrogen.

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.