Hy2Gen Secures USD 200 Million for Green Hydrogen Funding
Strategic Research Institute
Published on :
22 Feb, 2022, 5:30 am
Wiesbaden Germany based green hydrogen investment platform Hy2gen AG has announces the successful completion of a EUR 200 million, investment round. The capital will be used for the construction of facilities in several geographies including Europe, producing green hydrogen-based fuels, or e-fuels, for maritime and ground transport, aviation and industrial applications. The investment, which is the largest private green hydrogen-focused capital raise to date, is led by Hy24 with Mirova, CDPQ and strategic investor, Technip Energies.
Hy2gen, founded in 2017, is a pioneer in the electrolysis of green hydrogen and its derivatives. The company is one of the leading players in the green hydrogen industry, with 880MW in planning and construction and a further 12GW of projects in development.
Hy24, the world’s largest clean hydrogen infrastructure platform, is a joint venture between Ardian, a world-leading private investment house, and FiveT Hydrogen, an investment manager specialising purely in clean hydrogen investments. The Clean H2 Infra Fund managed by Hy24 with €1 billion raised, intends to unlock strategic and large-scale projects under development to accelerate the scaling up of hydrogen markets.