Elyse Energy, a French company producing sustainable fuels and low-carbon feedstock, has raised €120 million ($127 million) in funding from Hy24, PGGM, Bpifrance and Mirova to accelerate the development of its e-methanol and sustainable aviation fuel production projects in France and Spain.
This will help address the growing demand for decarbonization solutions in the aviation, maritime and chemical sectors.
The two new investors joining the funding round were PGGM, a Dutch pension fund investor, and Bpifrance, the French public investment bank.
Hy24, a private asset manager focused on the hydrogen economy, and Mirova, a sustainable-investment affiliate of Natixis Investment Managers, are long-standing partners of Elyse Energy. Hy24 strengthened its commitment to Elyse Energy by acquiring a stake in the company through its Clean Hydrogen Infrastructure Fund, a vehicle that serves as the reference partner for the most advanced hydrogen project developers in Fra
