World’s first hydrogen unicorn launches

United H2 Limited (UHL) has launched with ambitions to become the world’s first hydrogen unicorn and the market leader in a sector set to be worth US$201b by 2025.

UHL plants to seek a listing on a suitable exchange to execute its proven special-purpose vehicle (SPV) model at scale, which involves a systematic approach to identifying high-growth hydrogen projects and forming SPVs with technology partners to quickly unlock their value.

Over the past three years, this has seen the Company work closely with its partners to generate $650m in market capitalisation across 11 hydrogen companies, with each starting from a valuation of zero.

Additionally, UHL has had seven successful exits over the past 18 months, which delivered a $23.5m return for shareholders.

Delivered multiple products to the rapidly growing hydrogen market

Outside of accumulating monetary value, UHL has played a key role in bringing groundbreaking technologies to market, including:

  • The world’s first hydrogen ute.
  • Hydrogen-powered generators.
  • A fabricated waste-to-hydrogen unit.
  • A hydrogen injection system that reduces the emissions of diesel engines.
  • A lab-proven method for increasing the efficiency of fuel cells by 40-60%.
  • A digitised proof of concept for a marine technology that will allow boats to operate off diesel and hydrogen.

The Company is targeting the burgeoning hydrogen industry, as many experts view it as the most economically viable avenue to achieving net-zero goals.

Hydrogen has the ability to provide clean, reliable power to the grid, along with fuel for transport and stationary engines, such as the ones used to power mining sites, remote communities or construction sites.

Hence, it seems inevitable that hydrogen will ultimately become a major decarbonisation lever, with the potential to sustain the energy needs of the global economy.

With the natural resources available and a global reputation as a high-quality exporter, Australia is poised to lead the transition.

Due to a major influx of capital from both private and public investors, Australia now has the world’s largest pipeline of announced hydrogen projects, including 22 major projects worth up to $300b.

It has also been estimated that Australia could be exporting over one million tonnes per annum of hydrogen by 2030, generating approximately $4b in annual revenue.

IPO & Valuation Growth Strategy

UHL’s current $20m valuation has only been attributed to 9 of the 37 companies and projects it holds equity in, which is conservative given the progress each has made since validated by independent auditors.

As part of UHL’s IPO strategy, it will raise pre-IPO rounds to progress its advanced companies and unlock the potential of projects currently valued at zero, which they believe will significantly increase its valuation pre-listing.

Specifically, UHL will further capitalise its companies while also working with them to provide the resources needed to achieve substantial commercial success and deliver lucrative liquidity events.

Each company is run by its own board and management team of industry experts/engineers, while UHL provides corporate support, access to capital and connection to its network to accelerate growth.

Nine advanced companies UHL will focus on:
  • H2X Global: Delivering hydrogen-powered trucks, utes, buses and generators to customers in 2023 and is on track to execute an IPO in 2023.
  • National H2 plans to build 200-plus plastic-to-hydrogen plants across the APAC region via agreements with a publicly-listed technology partner along with a global conglomerate as the key project partner.
  • H2i Technology: Developed a patentable hydrogen injection technology for diesel engines. Currently manufacturing ten commercially ready units for field testing with potential customers across the steel manufacturing, agriculture, construction, mining and hospitality/tourism industries.
  • Aviation H2: Developing a patentable method for converting jet engines to hydrogen fuel. Currently finalising the development of its prototype turbine, which it will use as a proof of concept to convert a plane for a test flight in 2024.
  • Titan Hydrogen: Has completed lab-scale testing of its fuel cell technology, which results show has the potential to increase the efficiency of fuel cells by 40-60%. Once successful, the company will have a patented fuel cell technology that is best-in-class and overcomes the major cost-benefit challenges the industry faces.
  • Iconic EV: Developed a cutting-edge method for converting any pre-1996 vehicle to electric power, using Tesla batteries and power trains. The company intends to target Australia’s historical vehicle owners who spend A$2.2b annually on their cars.
  • Pure Biochar: Currently conducting a feasibility study into building a biochar production facility, which will target green steelmaking, clean construction/building materials and agriculture (fertiliser).
Four emerging companies & projects UHL will focus on:
  • Power Hydrogen: Plans to acquire an existing pellet plant with substantial contracts already in place and convert it into a state-of-the-art hydrogen facility.
  • Voyager H2: Plans to conduct a feasibility study with an established technology partner into natural hydrogen exploration.
  • LibertyAir: Conducting a feasibility study to develop Australia’s first carbon-free air freight company using hydrogen-powered airships from metropolitan cities to regional hubs.
  • Trojan Hydrogen: Conducting a feasibility study into becoming one of the world’s first hydrogen storage, haulage and distribution operators.

Across these 14 companies and projects, UHL is limiting risk by ensuring it builds a group of businesses that cover the entire hydrogen market, from production through to end-use.

UHL also has another 23 projects in its pipeline, which it expects to increase to over 75 by 2024.

In total, UHL holds a significant position in 37 companies and projects that provide insulation from diversification and the potential to build a powerful ecosystem (example below).

UHL will sustain its growth by forming more SPVs via its extensive network of over 200 highly experienced industry executives, thought leaders, engineers, designers and project managers, many of which hold board positions in its current list of companies.

The Company will fund this through partial exits from its SPVs as their value increases and the significant liquidity events they deliver

Through this, UHL believes it is building the world’s largest and most diversified hydrogen conglomerate, which will develop the next generation of infrastructure that will provide power and transport globally for the next hundred years.

If you are wanting to learn about the pre-IPO capital raise or have a green energy project, reach out to us today.

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