Hy24, a joint venture between Ardian and FiveT Hydrogen, has closed its hydrogen impact fund, Clean H2 Infra Fund, at €2 billion ($1.9 billion).
Exceeding its initial ambitions, Clean H2 Infra Fund has become the world’s first and largest infrastructure fund to invest exclusively in the entire clean hydrogen value chain.
The fund attracted more than 50 prominent investors from 13 countries in the Americas, Europe and Asia, including major industrial companies, corporations, banks, pension funds and insurance companies. Its founding anchor investors include Air Liquide, VINCI Concessions, TotalEnergies, Plug Power, Chart Industries and Baker Hughes, which were joined by a slew of other high-profile investors.
Clean H2 Infra Fund is focused on scaling proven hydrogen technologies for mature infrastructure assets and aims to play a major role in decarbonizing the global economy. The €2 billion ($1.9 billion) of fund capital aims to be committed within the nex