Priya Patel
TLDR: Logan Energy secures £5m investment to scale-up hydrogen technology ‘across all markets’
Logan Energy has received a £5m investment to advance its Integrated Hydrogen Energy Systems and Energy Transition Solutions across all markets. The investment, made by Lanxing New Energy and Scottish Enterprise, will address supply chain issues and ramp up R&D capabilities. This will enable the company to develop key relationships with OEMs and equipment developers globally.
Article Summary
Logan Energy, based in Edinburgh, has secured a £5m investment to support the development of its hydrogen technology base and facilities. More than 50% of the investment comes from Lanxing New Energy, a green investment company from Singapore, with the balance from Scottish Enterprise. This funding will allow Logan Energy to enhance its Integrated Hydrogen Energy Systems and Energy Transition Solutions across various markets.
The investment will also help the company address supply chain issues by establishing relationships with OEMs and equipment developers worldwide. It will also boost Logan Energy’s UK R&D capabilities. The company’s Chief Executive, Bill Ireland, highlighted the importance of the investment in building a skilled workforce in the hydrogen economy.
Dr. Yuxuan Zhang of Lanxing New Energy mentioned plans to introduce new capabilities for the hydrogen market in the coming months as part of Logan Energy’s strategic development. Scottish Enterprise Chief Executive, Adrian Gillespie, noted a hydrogen electrolyser installation at Arbikie Distillery in Scotland, enabling the distillery to use sustainable green hydrogen.
Logan Energy previously announced plans to install hydrogen production technology at a wastewater treatment plant in Cambridgeshire to reduce carbon emissions. With this latest investment, the company aims to further its reach and impact in the hydrogen technology sector.
