The Clean H2 Infra Fund, now the world’s first and largest infrastructure fund to invest exclusively in the entire clean hydrogen value chain was launched a year ago. The fund’s founding anchor investors were Air Liquide, TotalEnergies and Vinci Concessions, along with Plug Power, Chart Industries and Baker Hughes. The fund aims to deploy the raised capital within the next 6 years towards scaling proven hydrogen technologies for large, early-stage projects across the entire value chain, from production, conversion, storage, supply and usage.
Hy24 has already made its first investments, through participation in the $107 million fundraising of H2 MOBILITY Deutschland, one of Europe’s largest operators of hydrogen stations. Additionally, the fund has participated in the $195 million financing round of Hy2Gen, an operator of production sites for decarbonized hydrogen and its derivatives. The Fund has also acquired a 30% stake in Enagás Renovable, a subsidiary of Spanish Transmission System operator Enagás.
Hy24 is a 50:50 JV between French private investment house Ardian, and FiveT Hydrogen, an energy transition-focused arm of Swiss investment firm FiveT Group. During the last year, the fund has attracted additional anchor industrial partners such as LOTTE Chemical, Airbus, and Snam, and anchor financial investors such as AXA, and Crédit Agricole Assurances. The fund closed with a new key industrial investor - the CMA CGM Group, and new key financial investors including Nuveen, and Société Générale Assurances. Around 50% of Hy24’s capital is committed by industrial investors.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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