Hydrogen will be necessary to fully decarbonise heavy-duty transport
Europe must ‘change gear’ on hydrogen support – Hy24
Investment fund calls for coordinated efforts by EU member states to build out refuelling networks and accelerate uptake of hydrogen in heavy-duty transport
Investment fund Hy24 is championing hydrogen’s potential in the EU mobility sector, but it warns a lack of urgency among member states in rolling out refuelling networks risks undermining the decarbonisation of heavy-duty transport. Hy24, which claims to be the world’s largest fund dedicated to hydrogen infrastructure, plans to invest 50pc of its €2bn ($2.2bn) capital into mobility. “We are unique in this respect—there are other funds that could support production, but we are the only one with this focus on the mobility sector,” says Nicolas Brahy, general counsel and head of public affairs and ESG at Hy24, a joint venture between French asset manager Ardian and investment firm FiveT Hydroge
Also in this section
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets
