Pierre-Etienne Franc, co-founder and CEO of Hy24
Hy24 closes pure-play hydrogen fund at €2bn
Fund manager aims to deploy capital within six years with a focus on investments in mobility sector
The world’s largest fund dedicated to investment in clean hydrogen infrastructure has closed to new investors after raising €2bn ($1.93bn) from more than 50 industrial and financial companies over the last 12 months. The final total raised by the Clean H2 Infra Fund is about €500mn more than previously forecast by the fund’s manager, Hy24—a joint venture between French asset manager Ardian and investment firm FiveT Hydrogen. “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,” says Pierre-Etienne Franc, co-founder and CEO of Hy24. “With €2bn of commitments, this fun
Also in this section
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
