Deal with Kell Kapital Partners Sets Foundation for Nationwide and Global Expansion of HydrogenXT’s Clean Fuel & Electricity Network
HOUSTON, Aug. 5, 2025 /PRNewswire/ — HydrogenXT, a leading innovator in zero-carbon fuel-grade blue hydrogen, today announced it has secured a definitive Term Sheet for $900 million in combined debt and equity financing with Kell Kapital Partners Limited (KKP) and its affiliated institutional backers. The funding will support the construction of HydrogenXT’s first 10 production and dispensing facilities across California, Oregon, Washington, North Dakota, and key U.S. logistics corridors.
This commitment marks a significant milestone in HydrogenXT’s mission to deploy 100 zero carbon-intensity, fuel-grade, clean blue-hydrogen plants across North America and an additional 200+ dispensing stations without relying on Federal Subsidies and scale to over 1,000 global locations, revolutionizing the availability of cost-equivalent, zero-emissions hydrogen fuel for heavy-duty transport, industrial power, and AI Factory infrastructure.
“This agreement is transformational,” said Robert Wise, Founder, CEO & CTO of HydrogenXT. “KKP’s backing validates our localized hydrogen production & dispensing model and accelerates our vision of delivering clean, affordable fuel and clean electricity at the scale the market urgently needs—from ports and logistics hubs to transit fleets, autonomous networks and advanced data centers.”
The capital structure includes a blend of senior debt and strategic equity participation, designed to fund the engineering, procurement, and construction (EPC) of HydrogenXT’s first 10 localized-scale SMR zero carbon-intensity, fuel-grade blue hydrogen production hubs equipped with on-site compression, storage, and dispensing (CSD) capabilities along with the ability to produce clean electricity for AI Factories, Data Centers, Distribution Hubs and Power Grid Augmentation.
“Our investment in HydrogenXT is driven by the company’s proven technology, executable rollout strategy, and ability to scale profitably in one of the fastest-growing sectors of the clean energy economy,” said Peter Kell, CEO of Kell Kapital Partners Limited “We see HydrogenXT as a cornerstone partner in building the next-generation hydrogen infrastructure across North America and globally.”
HydrogenXT’s flagship project in Avenal, California—prepared and ready for construction—is expected to break ground this fall. Additional locations are planned across major zero-emission corridors, including, Blythe, Otay Mesa, El Centro, Victorville, West Sacramento, Yreka, Eugene, OR, Chehalis, WA, and Bismark, ND.
HydrogenXT’s proprietary platform integrates:
- Proven local-scale SMR technology with 100% carbon capture,
- Zero-carbon on-site electricity generation via natural and renewable natural gas (RNG),
- Modular CSD systems engineered for fast-deployment and scalable demand,
- Advanced HydrogenXT patented digital tools to support fleet fueling logistics and real-time monitoring.
With many Millions in signed take-or-pay hydrogen fuel subscription agreements and Billions in qualified pipeline of prospective fuel purchase subscription agreements, HydrogenXT is uniquely positioned to lead the commercialization of hydrogen across freight, transit, aviation, and next-generation energy applications.
“HydrogenXT is not just building stations—we’re building the backbone of a global hydrogen economy,” said Ken Cavallon, Co-Founder, COO & Head of Corporate Development. “This partnership unlocks the velocity needed to make hydrogen mainstream, profitable, and planet positive. We are changing the way the world moves. Everything from trucks, trains, planes & automobiles, to bits, bytes, boxes & electrons.”
HydrogenXT’s growth strategy includes:
- 10 Production & Dispensing Plants break ground in the next 20 months
- Corporate Series Seed Round closing mid-2025,
- Corporate Series A strategic capital raise in early 2026,
- 100+ U.S. stations by 2030,
- Global scale to 1,000+ sites by 2035.
About HydrogenXT
HydrogenXT designs and deploys zero-carbon fuel-grade blue hydrogen systems using its proprietary SMR+CSD+SOFC platform with integrated carbon capture. Its scalable approach delivers low-cost hydrogen at the point of use—enabling transport, logistics, power, and AI sectors to decarbonize. Learn more at www.hydrogenxt.com or contact us at info@hydrogenxt.com.
About Kell Kapital Partners
With offices in London and Toronto, Kell Kapital Partners Limited is an institutional investment firm focused on clean energy infrastructure, project finance, and ESG-aligned capital deployment. Our experienced investment banking team delivers top-tier global financial services. Learn more at www.kellkapitalpartners.com or reach out at contact@kellkapitalpartners.com.
* This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities of HydrogenXT, and no securities shall be offered or sold except pursuant to applicable securities laws and proper offering documentation.
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SOURCE Hydrogen-XT, Inc.
