BHDT will take a 15% stake in Cavendish Hydrogen

The transaction represents a significant validation of Cavendish Hydrogen’s strategy and strengthens the company’s financial platform by securing a strong industrial anchor investor with deep engineering expertise, global customer relationships and a long term commitment to hydrogen and the energy transition.

With this agreement, BHDT will enforce its strategic activities to enter the hydrogen market. BHDT does hereby take an important step in expanding its contribution and role in the energy transition. Together, the two companies aim to accelerate innovation, scale solutions, and expand into hydrogen and adjacent energy markets.

Cavendish Hydrogen will issue 17.7% new shares in a direct share issue. Following customary clearance and closing, BHDT will hold approximately 15.0% of Cavendish Hydrogen shares on a post-money basis. The board of directors (the Board) of Cavendish Hydrogen welcomes the nomination of a member to its Board by BHDT GmbH in connection with the upcoming 2026 Annual General Meeting on May 26.

Strategic rationale: key highlights

The agreement is based on a clear strategic fit and shared long-term ambitions:

• Strengthened financial position: the investment provides capital to support operations growth, and continued development of Cavendish Hydrogen.
• Secured anchor shareholder and strategic partner: BHDT becomes a long term industrial partner, enhancing Cavendish Hydrogen’s credibility, market access and execution capability.
• Improved end-to-end offering: by combining Cavendish Hydrogen’s systems and integration expertise with BHDT’s industrial engineering and manufacturing capabilities, we enhance our ability to deliver high-quality solutions.

BHDT’s hydrogen activities and system integration focus represents a natural extension of its existing industrial platform, while Cavendish Hydrogen benefits from access to a highly experienced, financially solid and growth-oriented partner.

Robert Borin, CEO of Cavendish Hydrogen, commented: “We are very pleased to welcome BHDT as a shareholder and long-term strategic partner in Cavendish Hydrogen. This investment strengthens our financial position and marks an important step in our growth journey. BHDT brings deep industrial competence, and a clear commitment to hydrogen. Together, we see significant opportunities to accelerate innovation, scale our joint customer solutions and create mutual shareholder value.”

Michael Simml, CEO of BHDT, added: “This agreement with Cavendish Hydrogen aligns strongly with our strategy to build hydrogen systems into a key pillar of our future business. Cavendish Hydrogen’s technology and system integration capabilities are highly complementary to our industrial engineering strengths. We look forward to a close and forward-looking cooperation to support growth in hydrogen and the wider energy market.”

In parallel with the investment, the parties have entered into commercial and R&D agreements that establish a clear framework for structured dialogue, systematic opportunity assessment, and long-term collaboration. The agreements are designed to enable close cooperation while fully preserving each party’s operational independence and intellectual property. Importantly, they include no minimum purchase obligations or exclusivity commitments, ensuring continued strategic flexibility for both sides.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/07052026/bhdt-will-take-a-15-stake-in-cavendish-hydrogen/