Corrected: H2 Ventures 1 Inc. Large Capital Pool Company Focused Around Hydrogen, Fuel Cell and Clean Energy

(via TheNewswire)

 

Vancouver, BC –TheNewswire -February 17, 2022 –H2 Ventures 1 Inc. a new company aimed at investing in the clean energy, and fast growing hydrogen and fuel cell sector successfully launched on the TSXV Exchange on February 9, 2022, as the largest current IPO and seed capital raise of over 100 capital pool companies on the TSX-V. The company raised over $5.5 million in the seed and IPO rounds. Canaccord Genuity led the IPO raise.

 

H2 Ventures 1 Inc. is one of North America’s most experienced hydrogen and fuel cell teams, and has been assembled to implement a curated investment strategy in sectors with record private sector and government investment.  The company’s Board of Directors brings unparalleled collective knowledge and decades of experience in investment strategies, engineering, business management, building growth strategies, hydrogen and fuel cell expertise to provide high level investor confidence.

 

“Demand for hydrogen in global energy systems is accelerating at the fastest pace in history, driven by the radical transformation of the world’s energy sector as governments, businesses and consumers work to achieve decarbonization targets for 2030 and net zero emissions by 2050,” said Mr. Sacre.

 

“Now is the time to invest in the enormous potential of hydrogen to decarbonize many sectors of the economy including transportation (marine, land and air), freight, power generation, manufacturing, resource extraction and the production of steel and cement.  H2 Ventures 1 Inc. will lead the market in a thoughtful investment strategy that prioritizes real products with strong growth potential.” he said.

  

Board Members include:

 

• Chris Sacrè - Chairman and Director - President Sacre-Davey Engineering, served as Founder & Chairman of HTEC Hydrogen Technology and Energy Corp, a leading hydrogen fuel station developer.  He founded S2G Biochemicals and sat as Chairman. He was previously a director of the Canadian Hydrogen and Fuel Cell Association and is CEO and Chairman of Sacre-Davey Engineering. 

• Ross Bailey - Director - Managing Director of Greenlight Innovation, a world leader in fuel cell test equipment and hydrogen infrastructure. Ross previously held management positions with both Ballard Power and Hydrogenics, Canada’s two fuel cell industry leaders. 

• Erin Campbell, ICD.D - Director - ECMB Capital Partners CEO assisting public and private companies with capital access and support.  Led development teams for industrial and energy projects including companies like Kanata Clean Power and Climate Technologies. 

• Paul Kalil - Director - Independent consultant specializing in project execution of manufacturing plant and energy systems projects. Previously Vice-President, Capital Projects at Pacific BioEnergy, and President of Avcorp Industries Inc. a public aerospace company. Paul holds a Mechanical Engineering degree and a Masters in Engineering. 

• John Costigan - Director - Following a successful career in specialty chemical sales, John became part of a team that raised $140 million to launch Western Potash Corp. and served as the company’s head of Corporate Development.  John has honed his talent for raising capital, overseeing financial operations, building growth strategies, partner identification an intellectual property management 

• Eric Denhoff  - President & CEO, Director - previously President & CEO of the Canadian Hydrogen and Fuel Cell Association, original member of the Ballard Power Advisory Board, Deputy Minister of Environment and Climate Change in Alberta, multi-portfolio Deputy Minister in BC, former Director of the Energy Council of Canada, Director BC Ferries Services Board, and more than 30 years business experience in China, Asia, Europe, the United States and Canada 

 

With decades of experience in the original and evolving hydrogen and fuel cell sector, and a deep international network, the H2 Ventures 1 Inc. team is uniquely positioned to identify and grow companies in the ideation and research and development phases, and, to provide early stage founders with the critical support, advice, expertise and capital to fast track their growth.

 

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For further information, please contact:

H2 Ventures 1 Inc.

Eric Denhoff – President, Chief Executive Officer, Corporate Secretary and Director

Phone: [phone]

[e-mail]

 

Cautionary Statement on Forward-Looking Information:

Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although H2 Ventures 1 Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

 

H2 Venture’s operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.

 

For more information on H2 Venture and the risks and challenges of their businesses, investors should review the filings that are available atwww.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

We seek safe harbour.

 

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