Clean hydrogen fund Hy24 close to first investment
Accelerating clean hydrogen sector offers opportunities across entire value chain for €1.5bn fund, managers say
A group of major international companies including TotalEnergies, French industrial gases giant Air Liquide, equipment manufacturer Chart Industries and services firm Baker Hughes is collaborating on a push to accelerate the clean hydrogen economy via a new €1.5bn ($1.73bn) investment fund called Hy24. The participating companies, which also include industrial group Lotte Chemical and asset management and insurance firm Axa, are each committing €100mn as anchor investors. They recently selected a joint venture between French private equity investment house Ardian and pure-play clean hydrogen investment platform FiveT to manage the fund, which they say is the largest so far in the clean hydro
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