Patriot Hydrogen signs team of advisors to lead listing on London Stock Exchange

As per the agreement, Cronin will raise pre-listing funding for Patriot to expedite Patriot’s foundation projects in Q423 and lead the go-public financing and listing process in 1H24. Following the listing, Cronin will remain mandated as Patriot’s advisor to support its continued growth in the public markets.

Patriot believes the deal will provide it with the early-stage capital needed to commission its first two waste-to-energy plants in the UK followed by Australia in 2024, as well as provide critical project financing for development of its extensive project pipeline across strategic jurisdictions, including Africa, to address local waste problems and convert them into valuable resources such as renewable energy, hydrogen and biochar.

Patriot’s CEO and Co-Founder, Glenn Davies, commented: “In an era where the global community is striving to achieve net zero emissions targets, Patriot’s solutions-oriented approach is a frontrunner in the quest for decarbonisation across industries. We believe our approach for pyrolysis, developed with a focus on low capital intensiveness, is an attractive proposition to the market participants with a need to enhance their processes of waste disposal and energy development. It is also evident to us that there is a monumental shift in the thoroughness of capital markets, as investors are looking for companies who will lead the energy transition with real impact."

Patriot believes its customised energy solutions and experienced management team give it a competitive advantage in the climate tech industry and broader capital markets. By utilising a sophisticated pyrolysis process, Patriot can generate multiple high-value revenue streams. These can include renewable electricity generation, biodiesel and ethanol, biochar and carbon credits, as well as future fuels such as green hydrogen, bio-methanol, or green ammonia.

The company has completed significant milestones in 2023 to advance the first two project in the UK and Australia with local teams, engineering and EPC contractors, land, feedstock, and offtake partners secured. With the pre-IPO capital being injected into the company, it fastracks the project team to finalise all components and move the projects to shovel ready status.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/13112023/patriot-hydrogen-signs-team-of-advisors-to-lead-listing-on-london-stock-exchange/