Hy2gen AG, the green hydrogen investment platform, has announced  the successful completion of a €200 MM, investment round. The capital will be used for the construction of facilities in several geographies including Europe, producing green hydrogen-based fuels – or “e-fuels” – for maritime and ground transport, aviation and industrial applications. The investment, which is the largest private green hydrogen-focused capital raise to date, is led by Hy24 with Mirova, CDPQ and Technip Energies.  

Hy24, the world’s largest clean hydrogen infrastructure platform, is a JV between Ardian, a world-leading private investment house, and FiveT Hydrogen, an investment manager specializing purely in clean hydrogen investments. The Clean H2 Infra Fund managed by Hy24 with €1 B raised, intends to unlock strategic and large-scale projects under development to accelerate the scaling up of hydrogen markets 

"As early as 2021, we were looking for the best possible combination of financial and strategic investors to build e-fuel production facilities," said Pierre-Etienne Franc, CEO of Hy24. "These have the potential to decarbonize entire industries and transport sectors. We are now very pleased that all parties have sealed the largest investment in this segment."

"We are partnering and investing in Hy2gen, a first mover developer in the green hydrogen value chain. This will further strengthen our key market positioning in green hydrogen and its
derivatives," Arnaud Pieton, CEO of Technip Energies said. "This investment confirms the consistency of our partnership choices to deliver on our strategy. We look forward to contributing our engineering capabilities and our proven project delivery expertise to the concretization and acceleration of Hy2gen projects."