Fonds Clean H2 Infra

• Hy24 announced the closing of its hydrogen impact fund (Clean H2 Infra Fund or “the Fund”)
• The Fund is focused on scaling proven hydrogen technologies for mature infrastructure assets and aims to play a major role in decarbonizing the global economy
• Launched just a year ago, the Fund is already the world’s largest pureplay clean hydrogen infrastructure Fund dedicated to the entire clean hydrogen value chain
• Hy24 aims to mobilize up to €20 billion of investment capacity over the next six years using its unique blend of financial firepower and sector know-how drawn from its major strategic investors and an experienced team
• The portfolio will be diversified across geographies (Europe, Americas and Asia) and value chains, upstream and downstream, to scale up the clean hydrogen economy

Paris, October 10th, 2022 - Hy24, the joint-venture between FiveT Hydrogen, the clean hydrogen-enabling investment partner, and Ardian, the world-leading private investment house, has announced the closing of its first impact Fund at €2 billion of allocations, exceeding its initial ambitions. It is the world’s first and largest infrastructure fund to invest exclusively in the entire clean hydrogen value chain.

The Fund’s creation has been supported by the founding anchor investors Air Liquide, VINCI Concessions, TotalEnergies, Plug Power, Chart Industries and Baker Hughes. It has then 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 - industrial anchor investors, including LOTTE Chemical, Airbus, and Snam, Enagás, GRTgaz (together as one anchor partner), and the financial anchor investors AXA, Crédit Agricole Assurances, CCR, Allianz, CDPQ and JBIC - as well as other key investors, including Ballard, Schaeffler, Groupe ADP, EDF, Caisse des dépôts, DBJ and Itochu.

The Fund closes now with a new key industrial investor CMA CGM Group, and new key financial investors Border to Coast, Nuveen, ERAFP, Groupama, Société Générale Assurances, BBVA and Norinchukin. The Fund leverages a unique blend of sector know-how and financial firepower to position Hy24 as a true catalyst at the heart of the hydrogen ecosystem, with 50% of its commitment provided by industrial investors.

Pierre-Etienne Franc, co-founder and CEO of Hy24, said:
“Hy24, through the Clean H2 Infra Fund, has rapidly gathered an impressive group of industrial and financial leaders committed to moving the hydrogen agenda forward significantly. With €2 billion of commitments, this fund will spur on the deployment of up to €20 billion in assets of strategic value to the industry in the next six years, performing for our investors and helping to decarbonize the global economy. This creates the right support for the new and critical hydrogen policy frameworks in our key geographies.”

Laurent Fayollas, Deputy Head at Ardian Infrastructure and President of Hy24, added:
“We are extremely grateful for the trust and support of our investors. The combination of Ardian’s unique investment and asset management expertise, FiveT Hydrogen’s industry knowledge, the diversity of our investors and our ability to leverage Hy24's strong deal flow will put us in a unique position to grow this industry at scale into a decisive asset class.”

Hy24 is driving the scale-up of the clean hydrogen economy with first-mover investment in sustainable projects. It is helping to realise hydrogen’s global potential as the low carbon energy vector of the future by investing in the entire hydrogen value chain, from upstream projects such as renewable and low carbon hydrogen production to downstream projects such as captive fleet and refueling stations. The €2 billion Fund capital aims to be committed within the next six years. The Fund is an Article 9 Fund under European SFDR regulations, which classify funds that meet stringent environmental and social criteria.