Ardian was an early backer of renewables
Ardian and FiveT launch €1.5bn hydrogen infrastructure fund
Fund has already raised €800m from anchor investors including Air Liquide and TotalEnergies
French private equity investment house Ardian and pure-play clean hydrogen investment platform FiveT have formed a joint venture, called Hy24, which aims to raise a €1.5bn ($1.7bn) fund to invest in clean hydrogen infrastructure. The fund—which Ardian and FiveT say will form the world’s largest investment platform in this space—has already secured €800m from a group of anchor investors which selected Hy24 via a tender process. TotalEnergies, industrial gases group Air Liquide and construction company Vinci have each committed €100m. Fuel cell company Plug Power, clean energy and industrial gases company Chart Industries and oil services company Baker Hughes, all former cornerstone investors
Also in this section
18 March 2026
The second fossil-fuel price shock in four years can be a much-needed catalyst for investment in the sector
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
