Hy24, the joint-venture between FiveT Hydrogen and and Ardian has announced the final close of its Hydrogen impact fund (Clean H2 Infra 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. The portfolio will be diversified across geographies (Europe, Americas and Asia). 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

The fund has a target size of EUR2 billion (US$1.95 billion). The fund has been supported by investors like Air Liquide, VINCI Concessions, TotalEnergies, Plug Power, Chart Industries and Baker Hughes.