Hy24 – the joint-venture between clean hydrogen-enabling investment partner FiveT Hydrogen and investment house Ardian – announced the closure of its first impact fund (Fund) at €2bn of allocations.
With closure announced on October 10th, the impact Fund is the world’s first land largest infrastructure fund to invest exclusively in the entire clean hydrogen value chain.
Launched last year (2021), the Fund has seen support by its founding anchor investors Air Liquide, VINCI Concessions, TotalEnergies, Plug Power, Chart Industries, and Baker Hughes.
Having attracted more than 50 prominent investors ranging from industrial companies and banks to pension funds and insurances companies, the Fund aims to leverage a blend of sector know-how and financial weight to position Hy24 as a ‘true catalyst at the heart of the hydrogen ecosystem’.
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