FiveT Hydrogen and Ardian joint venture, Hy24 has announced it has closed its first impact fund at €2bn ($1.9bn) which it says makes it the ‘world’s first and largest’ infrastructure fund to invest in the entire clean hydrogen value chain.
H2 View understands, it is hoped the investments will facilitate the deployment of up to €20bn in assets for the hydrogen industry over the next six years.
Leveraging on a blend of sector know-how and financial fire power, having attracted over 50 investors from 13 countries across the Americas, Europe, and Asia, Hy24 believes it is positioned as a true catalyst at the heart of the hydrogen ecosystem.
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