Capital Raising

OPEN

NEO

(previously United H2)

Transforming Industries with Clean Energy

INDUSTRY

Energy & Renewables

RAISING

A$3M

PRE-MONEY VALUATION

A$82M

MINIMUM INVESTMENT

A$10,000

Investment Highlights

Company Overview

Transaction Overview

Team

News


Transaction Summary
NEO

Raising A$3M

Pre-Money Valuation $82M

$10,000 minimum investment

Investment Highlights


Proven Venture Builder Model – Delivered a 12x Return on Capital
NEO’s mission is to build and acquire scalable, revenue-generating clean energy businesses across electrification, hydrogen, infrastructure, and circular economies. The company has historically delivered a 12x return on capital and $24 million in cash returns to shareholders, with successful exits such as H2X Global demonstrating its ability to create, scale, and exit ventures effectively.

Diversified, High-Growth Portfolio – $500M Targeted Group Revenue
NEO holds equity positions in 13 active companies and a pipeline of 15 additional ventures spanning the full clean energy value chain—from production to end use. Portfolio companies include Viridis (green data centres), National H2 (waste-to-energy), and NEO Mobility (electric and hydrogen buses), with combined forecast revenues exceeding $500 million over the next five years.

Announced Two Material Acquisitions and IPO in November 2025
NEO has appointed advisors to lead a planned ASX IPO in November 2025. The listing will be underpinned by two cornerstone acquisitions: a Battery Giga Factory and an EV Charging Network, forecast to deliver a combined $156 million in revenue and $47 million in EBITDA by FY28. These transactions provide immediate scale, recurring infrastructure earnings, and forward revenue.

Strategic Global Presence – $300M in Clean Energy Projects
NEO has established offices and commercial operations across Mexico, Greece, Botswana, and India, aligning with its global execution model. These offices have already supported the delivery of over $300 million in clean energy projects, with a combined pipeline of 50,000 hydrogen injection systems.

Validated $82.6m Valuation
NEO’s portfolio has been independently reviewed by HLB Mann Judd, using discounted cash flow (DCF) and public comparables to establish a validated current valuation of $82.6 million. This provides transparency and confidence in the robustness of NEO’s asset base ahead of IPO.

Company Overview


New Energy Opportunities Limited (NEO) is an Australian clean energy venture builder, founded in 2020, focused on developing and scaling the technologies driving the global net-zero transition. 

Purpose-built to create, acquire and grow revenue-generating businesses across hydrogen, electrification, infrastructure, and the circular economy, NEO operates a hands-on model that has delivered a 12x return on capital and $24 million in cash returns to shareholders to date. 

Its track record includes successful ventures such as H2X Global, demonstrating its ability to create, scale, and exit clean energy companies effectively.

NEO currently holds equity in thirteen active portfolio companies and maintains a pipeline of fifteen additional ventures. These span the full clean energy value chain—from hydrogen production and fuel systems to waste-to-energy, data infrastructure, and zero-emissions transport. 

Combined, the group’s forecast revenue exceeds $500 million over the next five years, underpinned by strong commercial momentum and sectoral growth trends.

The company is now progressing toward a planned IPO on the ASX in November 2025. That listing will be supported by two cornerstone acquisitions—a Battery Giga Factory and an EV Charging Network—with forecast combined revenues of $156 million and EBITDA of $47 million by FY28. 

These transactions will provide immediate scale and recurring infrastructure earnings, positioning NEO as a serious operator in the global clean energy economy.

With established offices and commercial operations in Mexico, Greece, Botswana, and India, NEO has already secured more than $300 million in clean energy projects globally and is actively deploying hydrogen injection systems at industrial scale. 

Its global footprint allows the company to execute locally in high-demand, policy-aligned markets while maintaining a unified strategic direction.

All portfolio valuations have been independently reviewed by HLB Mann Judd, with the group’s current valuation confirmed at $82.6 million. 

NEO is now raising capital to support further portfolio growth, execute strategic acquisitions, and complete its transition to a listed entity. 

This is a rare opportunity to invest in a company with a global footprint and a front-row seat to one of the most significant industrial revolutions of our time. 

As clean energy shifts from emerging innovation to foundational infrastructure, NEO stands at the forefront—building the technologies and businesses that will reshape industry and energy systems for the next century.

Transaction Overview


NEO Limited is raising A$3M to fund growth in its investment companies and to support its initial public offering.

Use of Funds

Growth Capital

Working Capital

Listing Proceeds

70%
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20%
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10%
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Current Investment Portfolio


NEO’s current portfolio includes 13 active ventures and 15 pipeline opportunities, covering the whole energy value chain—from hydrogen production and fuel systems to waste-to-energy, data infrastructure, and zero-emissions transport. 

  • Viridis: First data centre is fully-funded, with $17m in revenue target for FY26.
  • National H2: Transforming non-recyclable plastic into hydrogen and clean electricity.
  • NEO Mobility: A hydrogen and electric vehicle manufacturer listed as the preferred supplier for a multi-million-dollar government contract in Asia.
  • Liberty Hydrogen: Developing a 30MW clean energy hub in Mexico strategically located adjacent to the offtaker.
  • Alpha H2: A hydrogen injection system for vehicles with trials underway globally and a strong sales pipeline of 50,000 kits
  • H2i Technology: Successfully run trials with ADNOC and ARAMOC, with installations planned with Indian Railways and a verified sales pipeline of 100,000 units.

Team


  • Management

  • Board

Will Davidson

CEO

Hector Sanchez Baena

Green H2 LATAM CEO

Angus Kennelly

Corporate Affairs

Luke Oxenham

CFO

News


April 2025

United H2 Limited Group Update                           

April 2025

United H2 Acquires Oper8 Global in $50M Deal                             

April 2025

United H2 Launches Global Clean Energy Network      

February 2025

UHL Acquires GoZero Group in Landmark A$400M Deal      

April 2025

Pure Hydrogen accelerates growth with US$28M distribution deal

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