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21 Jan 2022

Stephenson Harwood advises Jericho Energy Ventures on hydrogen deal

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Law firm Stephenson Harwood LLP has advised Jericho Energy Ventures, as lead investor, on its equity investment into Supercritical Solutions. Lowercarbon Capital, climate-tech fund of longtime investor Chris Sacca, and New Energy Technology, green hydrogen venture capital fund, are co-investors in the deal.

Jericho Energy Ventures is focused on advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture and new energy systems. It takes investment stakes in early-stage low-carbon technologies and green energy companies. Supercritical is a hydrogen technology company which enables the production of the lowest cost of hydrogen using renewables. The green hydrogen is produced from water, with zero emissions.

"Decarbonisation has been a hot topic long before COP26 pushed it up the agenda," said Sam Gray, partner, Stephenson Harwood. "As a firm, it's an area of expertise we've been developing for some time – we have a strong track record of advice to businesses built around novel intellectual property as well as longstanding sector experience in energy, infrastructure projects and transportation. This means we are ideally placed to advise on transactions such as this where we can bring together specialist insight and a genuine understanding of some of the particular considerations for deals in this space. We look forward to working with Jericho Energy Ventures as they make more investments advancing the energy transition."

The Stephenson Harwood team was led by corporate partner Sam Gray who was assisted by associate James Day. Further advice was provided by corporate associate Yuki Yue, employment associates Michele Aubertin and Matilda Whittingham, intellectual property associate Joshua Cunnington, and projects and infrastructure partner Graeme Barton and associate Sarah Phillips.

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