Hy2gen AG, a renewable hydrogen producer based in Wiesbaden, has completed a â¬47 million funding round led by Hy24, focusing on low-carbon hydrogen investments. The funding aims to support Hy2gen's diverse portfolio of e-fuel and green ammonia projects across various regions. Co-founder Pierre-Etienne Franc emphasized resilience in the current geopolitical climate and highlighted the company's commitment to scalability and decarbonization. The Clean Hydrogen Infrastructure Fund, managed by Hy24, aims to catalyze investment in hydrogen production and its derivatives, supporting energy-intensive sectors through innovative Power-to-X processes.
In today's geopolitical and industrial context, resilience is essential. Over the past three years, Hy2gen has demonstrated its ability to build a diversified portfolio of e-fuel and green ammonia projects across Europe, Canada and South America.
The company has mobilised a highly experienced team and addressed the complex challenge of industrial scalability and decarbonisation, balancing offtake agreements with unique access to renewable resources.
As an investor and catalyst, our role is to support the most promising entrepreneurs in the ecosystem. That is why we are reaffirming our confidence in Hy2Gen and its development strategy.
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