Hy24, a joint-venture between FiveT Hydrogen, the clean hydrogen-enabling investment partner, and private investment house Ardianm has closed its first impact fund – the Clean H2 Infra Fund – with €2 billion of allocations, exceeding its initial target.
Hy24 says the fund is the world’s first and largest infrastructure fund to invest exclusively in the entire clean hydrogen value chain.
The fund’s founding anchor investors are Air Liquide, VINCI Concessions, TotalEnergies, Plug Power, Chart Industries and Baker Hughes. It has also attracted more than 50 prominent investors from 13 countries in the Americas, Europe and Asia, including major industrial companies, corporations, banks, pension funds and insurance companies such as OTTE Chemical, Airbus, and Snam, Enagás, GRTgaz (together as one anchor partner). Financial anchor investors include AXA, Crédit Agricole Assurances, CCR, Allianz, CDPQ and JBIC.
