John Pitts, Kyle Watson, Maggie Hoffman, Scott Gordon, Julian Seiguer, Lucas Spivey, Brian Schartz, Zach Manning, David Wheat
January 24, 2026
Kirkland Counsels I Squared in Chart-HTEC Investment

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- Kirkland & Ellis advised I Squared Capital on its investment in HTEC Hydrogen Technology & Energy Corporation (HTEC), alongside Chart Industries, Inc
- Chart and I Squared Capital now jointly own 60 percent of HTEC
- HTEC specializes in designing, building, and operating hydrogen infrastructure, including for hydrogen fuel cell electric vehicles
- The investment will provide HTEC with capital to fund new green hydrogen production projects and expand its hydrogen fueling station portfolio.
Kirkland & Ellis advised I Squared Capital in conjunction with its investment into HTEC Hydrogen Technology & Energy Corporation (HTEC) alongside its partner Chart Industries, Inc. (Chart) (NYSE: GTLS). Together, Chart and I Squared Capital own 60 percent of HTEC. HTEC designs, builds and operates hydrogen infrastructure to support the increasing hydrogen demand landscape, including hydrogen fuel cell electric vehicles. This investment by I Squared Capital and Chart provides HTEC with significant capital to fund new green hydrogen production projects and to expand its hydrogen fueling station portfolio serving both the light-duty and heavy-duty markets. Read Chart’s press release The Kirkland team was led by corporate partners John Pitts and Kyle Watson and associate Maggie Hoffman; derivatives partner Scott Gordon; capital markets partner Julian Seiguer; debt finance partner Lucas Spivey; restructuring partner Brian Schartz and associate Zach Manning; and tax partner David Wheat.
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John Pitts, Kyle Watson, Maggie Hoffman, Scott Gordon, Julian Seiguer, Lucas Spivey, Brian Schartz, Zach Manning, David Wheat
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