Hydrogen will be necessary to fully decarbonise heavy-duty transport
Europe must ‘change gear’ on hydrogen support – Hy24
Investment fund calls for coordinated efforts by EU member states to build out refuelling networks and accelerate uptake of hydrogen in heavy-duty transport
Investment fund Hy24 is championing hydrogen’s potential in the EU mobility sector, but it warns a lack of urgency among member states in rolling out refuelling networks risks undermining the decarbonisation of heavy-duty transport. Hy24, which claims to be the world’s largest fund dedicated to hydrogen infrastructure, plans to invest 50pc of its €2bn ($2.2bn) capital into mobility. “We are unique in this respect—there are other funds that could support production, but we are the only one with this focus on the mobility sector,” says Nicolas Brahy, general counsel and head of public affairs and ESG at Hy24, a joint venture between French asset manager Ardian and investment firm FiveT Hydroge
Also in this section
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
24 January 2025
Clean hydrogen sector has enough traction globally to ride out a period of policy uncertainty under the Trump administration
23 January 2025
Russia, Poland and Romania are the biggest players when it comes to hydrogen projects in the region
23 January 2025
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
