Hy2gen plans to produce hydrogen-based fuels for maritime and ground transport, aviation, and industrial applications
Hy2gen banks €200mn in sector’s largest private capital fundraise
Germany-based green hydrogen developer to invest in production of clean fuels for transport sector
Hy2gen, a Germany-based green hydrogen project developer with a focus on clean fuels for the transport sector, has secured €200mn ($227mn) from a group of four financial and strategic investors in what it says is the sector’s largest private capital fundraise to date. The investment is led by Hy24, a major pure-play clean hydrogen infrastructure fund managed jointly by French fund manager Ardian and specialist clean hydrogen investment manager FiveT. The other investors are Mirova, an affiliate of France-based Natixis Investment Managers, Canada-based pension fund manager CDPQ, and French engineering and technology company Technip Energies. Hy2gen, the shareholders of which include Singapore
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