Jobs boost after £5m investment in hydrogen firm
East Lothian-based green energy integrator has secured a £5 million investment boost from parties including Scottish Enterprise and a major share from Asia, saying this will enable it to grow its workforce in the hydrogen sector in Edinburgh and expand internationally.
Logan Energy, which has manufacturing facilities in Wallyford and development facilities at Heriot-watt University, explained that more than 50 per cent of the total sum is from green energy investment company Lanxing New Energy, which calls Singapore home.
The balance was chipped in by Scottish Enterprise that said it continues to support Logan on its strategic growth path, and the funds are expected to enable Logan Energy to develop its technology base and facilities, and develop its systems-led approach in the emerging hydrogen power sector.
It follows milestones by the company including in 2022 signing up an EX-NATO official to spearhead its net-zero ambitions, and it pointed out that in Scotland, it has been teaming up with Arbikie Distillery to help partly power its operations from green hydrogen, and has also been working on projects in the Netherlands, Germany, Northern Ireland, Ireland, Spain, Singapore, and China.
Bill Ireland, head of Logan Energy, said the business has been working in the hydrogen sector for decades, while he added that the investment allows it “to move forward with our mission to secure our position as an industry leader, providing integrated hydrogen energy systems and energy transition solutions across all market sectors”.
He continued: "It will also allow us to address the supply-chain issues the industry is facing, by developing key relaan tionships with [original equipment manufacturers] and equipment-developers around the globe, and ramp up our ground-breaking research and development (R&D) capabilities here in the UK... the investment from Scottish Enterprise will help develop our vital R&D function and allow us to build a skilled, well-rewarded and long-term workforce in the hydrogen economy.”