Cavendish Hydrogen ASA strengthens financial position and accelerates growth partnering with BHDT

Cavendish Hydrogen ASA has announced a strategic equity investment and long-term cooperation agreement with BHDT GmbH, an Austria-based industrial engineering group. The partnership is intended to strengthen Cavendish Hydrogen’s financial position and support the scaling of hydrogen fueling solutions for mobility applications.

Under the agreement, BHDT will subscribe to new shares representing 17.7% of Cavendish Hydrogen in a direct share issue. Following completion, BHDT will hold approximately 15% of the company on a post-money basis. BHDT will also nominate a member to the Cavendish Hydrogen board at the upcoming 2026 Annual General Meeting on 26 May.

The investment is described as a strategic validation of Cavendish Hydrogen’s growth strategy and provides access to BHDT’s industrial engineering expertise, global customer relationships, and manufacturing capabilities. Both companies aim to accelerate innovation and expand their activities across hydrogen and adjacent energy markets.

Cavendish Hydrogen CEO Robert Borin said the partnership strengthens the company’s financial base and brings a long-term industrial partner with strong competence in engineering and hydrogen systems, enabling faster scaling of solutions and enhanced shareholder value creation. BHDT CEO Michael Simml said the agreement aligns with BHDT’s strategy to expand into hydrogen as a core business area and to combine its industrial engineering strengths with Cavendish Hydrogen’s system integration capabilities.

In parallel with the investment, the companies have entered into commercial and research and development cooperation agreements to support structured collaboration and joint opportunity development. The agreements preserve full operational independence and intellectual property rights for both parties and do not include exclusivity or minimum purchase commitments, ensuring flexibility as the hydrogen market continues to develop.