Global AI infrastructure spending expected by 2030, a forecast Nvidia CEO Jensen Huang reaffirmed in October 2026.
Nvidia CEO forecast · reported Oct 2026 →Investor deal room · 2026 EIS round
The energy layer behind AI.
Every model, chip and data centre runs on power. Hydrogen Solutions is developing a solid oxide electrolyser architecture that targets more than 90% efficiency, aimed at making clean hydrogen cheaper to produce at industrial scale.
>90%Target electrolyser efficiency
£3.25mCurrent raise, in three phases
£0.40Subscription price per share
EISHMRC Advance Assurance received
The big picture
Trillions are going into AI. All of it needs power.
The world's largest banks, energy agencies and technology companies agree on the direction: AI investment is accelerating, data centres are straining power grids, and clean molecules like hydrogen are needed where electricity alone falls short.
AI investmentData-centre power demandGrid & clean energy build-outEfficient hydrogen production
Global AI investment forecast for 2026 alone, including $581bn in the US.
Goldman Sachs Research · Aug 2026 →Rise in global data-centre power demand by 2030 versus 2023, with around $720bn of grid spending needed.
Goldman Sachs Research · Feb 2025 →Projected data-centre electricity use in 2030, more than double today, with AI the largest driver.
International Energy Agency · Apr 2025 →Addressable market green hydrogen could create globally by 2050, for the utilities industry alone.
Goldman Sachs Research · Sep 2020 →Committed investment in clean hydrogen across more than 500 projects that are operating, under construction or at final investment decision.
Hydrogen Council · Global Hydrogen Compass 2025 →Third-party figures are market-level forecasts, quoted from the sources linked. They describe the sectors, not Hydrogen Solutions, and do not predict the company's performance.
Advancing the H2 hot boxOpens on Proactive →
CEO interview · Proactive Investors
Hear it from the CEO.
Our CEO sat down with Proactive Investors to talk through where the technology stands and how the company plans to scale.
- Progress on the solid oxide hot box
- Development milestones reached so far
- The licensing route to commercial scale-up
Interactive · inside one cell
How a solid oxide cell turns steam into hydrogen.
A guided cross-section of a single cell. Follow the five-step tour, or use the controls to change the temperature, run the cell in reverse, or see what happens when a seal fails.
Seal failure: hydrogen is leaking to the air side
Steam
Hydrogen
Oxygen ion
Oxygen
Electricity
1
600–900°COperating range, so heat does part of the work
~35.5 kWh/kgElectricity per kg of hydrogen in the company's stack calculations
35 layersLargest stack tested internally, with minimal degradation reported
Why efficiency is the whole game
Electricity is 60–80% of what green hydrogen costs.
A kilogram of hydrogen holds 33.3 kWh of energy. The less electricity an electrolyser burns to make it, the cheaper every kilogram becomes. Move the power price and compare the technologies.
Electricity cost only, at the stated efficiency (LHV). Hydrogen Solutions figure is the company's commercial target, not a measured result. Peer figures as cited in the IM.
Inside the hot box
The seal was always the problem. That is what the design targets.
Ceramic cell stackruns at 600–900°C
Solid oxide cells use high temperature and waste industrial heat to cut the electricity needed. The catch has always been durability: at those temperatures, seals crack and stacks leak. Hydrogen Solutions has developed an anode-supported architecture with a proprietary seal and manifold design aimed at that failure point.
In the company's internal testing, a 35-layer stack has run with minimal degradation and cycling tests showed no seal degradation. Not yet independently verified.
The names behind it
Fuel-cell pioneers and major-project operators.
Technical advisorFounder of Ceres PowerDr Nigel Brandon
Founded Ceres Power, the listed fuel-cell company spun out of Imperial College in 2000.
DirectorEx-Shell & PetrofacDr Paul Groves
Former MD of Petrofac and Commercial Director at Shell, where he managed the $20bn Gas-to-Liquids plant in Qatar.
CEOJames Busche
Former CFO across hydrogen, alternative energy and steel and cement projects in the UK, US and Australia.
Managing DirectorSteve White
Decades in energy and mining start-ups, including more than ten years of solid oxide fuel-cell development.
AdvisorProf John Zhu
Expert in advanced catalysis, gas separation, direct carbon fuel cells and solid oxide fuel cells.
DirectorJohn Henry Looney
Helps companies and countries cut environmental impact across manufacturing, food and energy projects in 30+ countries.
DirectorAnthony Christodoulou
Experience across sectors including banking, focused on funding solutions for international projects.
Technology originUniversity of Queensland
Development partnerIAAPS
ManufacturabilityNational Composites Centre
24-month programme · Bristol, UK
Each stage is built to prove the next one.
The raise funds a development, assembly and test facility in Bristol. Tap a milestone to see what it delivers.
EIS calculator
What an investment could cost you after relief.
EIS is designed to share the risk of early-stage investing with HMRC. Enter an amount and your income tax band to see the up-front relief, and how much of your money is exposed if the company fails.
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Share price scenarios · forecast only
What your shares could be worth.
Pick an amount and a holding period to see the company's illustrative share-price scenarios from the Information Memorandum, applied to your shares at today's subscription price of £0.40. The failure case is shown alongside, because it is a real possibility.
Shares at £0.40
How to read this. Values are the IM's illustrative per-share scenarios multiplied by your share count. The IM links prices to milestones, not dates: the 3-year view uses the licensing-revenue stage and the 5-year view uses the scale-up stage. Gains on EIS shares held three years or more can be free of capital gains tax if the company keeps its qualifying status. The failure case applies 30% EIS relief and loss relief at the tax rate chosen in the calculator above.
These are not forecasts, targets or promises. They assume successful development, partnerships, licensing revenue and funding, ignore dilution from future rounds, and assume a buyer or listing exists to sell into. There is no market for these shares today. You could lose everything you invest.
Next step
Read the full memorandum, then let's talk.
The 32-page Information Memorandum covers the technology, team, commercial strategy, roadmap, use of funds and the full risk factors.
£3.25mRaise across three phases
c.£24.9mImplied valuation at subscription price*
OrdinaryShare class
YesKnowledge-intensive company
*The share price is set by the company for issuing shares. It is not a market price or an independent valuation.
The memorandum opens in a document viewer. Request a PDF here and our team will email you a copy.
Investor relations
Speak to the team
enquiries@hydrogensolutionsltd.com+44 (0)204 634 6914One Canada Square, Canary Wharf, London E14 5AA
Key risks
Read these before investing.
You could lose all of the money you invest. Most early-stage companies fail.
The shares are unlisted and illiquid. You may not be able to sell them, and should expect to hold for many years.
The technology is still in development. Test results to date are internal and have not been independently verified.
Future funding rounds are likely and may dilute your shareholding.
Up to 45% of the gross funds raised may be applied to introducer commissions, marketing, distribution, administration and IT costs, reducing the amount available for development.
EIS relief is not guaranteed. Advance Assurance can be withdrawn, and the company or your circumstances may not qualify.