Credit Agricole invests in hydrogen fund Hy24
French bank’s insurance arm becomes significant investor in largest pure-play clean hydrogen infrastructure fund
Credit Agricole Assurances, France’s largest insurance group, has made a “significant” investment in clean hydrogen fund Hy24. Hy24, a joint venture between French asset manager Ardian and hydrogen investment firm FiveT Hydrogen, is the world’s largest pure-play clean hydrogen infrastructure fund. Launched in October last year, it aims to raise total capital of €1.5bn ($1.6bn) to invest across the sector’s value chain, with a strong focus on mobility applications. Credit Agricole Assurances, which already owns about 9GW of installed renewables capacity in Europe, says it will be a “major contributor” to Hy24, although it did not put a figure on the size of its commitment. “Our investment in

Also in this section
18 June 2025
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
18 June 2025
UK risks losing out on in race to secure hydrogen imports as its refusal to back ammonia cracking sinks $2.7b Immingham project
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen