Hy24
 | |
| Founded | 2021 |
|---|---|
| Founder | Pierre-Étienne Franc (directeur général)[1] |
| Headquarters | Paris[2] , France |
Hy24 is an investment management company created in 2021 to promote the global low-carbon hydrogen ecosystem by investing across the entire value chain from infrastructures to technologies and supply chains.
History
[edit | edit source]Hy24 is an investment management company[3][4] created in 2021 by FiveT Hydrogen and Ardian.[5] The company was co-founded by Pierre-Étienne Franc.[6]
In December 2021, Hy24 raised 1.5 billion euros.[7][8]
In October 2022, Hy24 raised 2 billion euros[9][10] to finance the development of the hydrogen industry.[11][12]
The French company Hy24 has acquired stakes in several companies operating in the hydrogen sector,[13] including HysetCo (urban mobility),[14] Elyse Energy (sustainable fuels for aviation and shipping),[15][16] and the Spanish firms Enagas Renovable and H2Site.[17]
In 2023, Hy24 invested in InterContinental Energy, a Singapore-based renewable energy firm,[18] and also expanded into the Nordic region via its Danish partner, Everfuel.[19] In February 2023, Hy24 and its Danish partner Everfuel announced a total investment of 200 million euros in a joint venture to finance infrastructure in Denmark, Norway, Sweden and Finland.[20] In June 2023, Hy24 announced its plan to launch a second fund to scale-up hydrogen equipment manufacturing.[5] Later, in September, Swedish company Stegra (previously H2 Green Steel) raised 1.5 billion euros from several funds including Hy24.[21]
References
[edit | edit source]- ^ https://www.latribune.fr/climat/energie-environnement/hy24-le-champion-francais-de-l-hydrogene-vert-987257.html
- ^ https://www.ouest-france.fr/economie/energie/ce-fonds-d-investissement-francais-recolte-deux-milliards-d-euros-pour-l-hydrogene-vert-851a8c70-4895-11ed-9d2c-2b6045373a5c
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