A consortium of hydrogen heavyweights have joined forces to accelerate the clean hydrogen movement, with the formation of a brand-new hydrogen infrastructure fund aiming to raise €1.5bn to support both project developments and players in the market.
Air Liquide, TotalEnergies and VINCI are behind the effort that has already secured an initial €800m, the trio confirmed today (Oct 1). Expanding beyond the anchor partners, work for the fund will also see further collaboration with other international companies.
Managing the fund will be Hy24, a brand-new 50/50 joint venture between private investment house Ardian and Five T Hydrogen, a pureplay clean hydrogen investment fund launched back in April (2021).
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