Related Articles
The fund has the objective of supporting the build out of the hydrogen economy
Forward article link
Share PDF with colleagues

€1bn hydrogen infrastructure investment fund set for launch

Baker Hughes, Plug Power and Chart Industries commit €260mn and will provide expertise, with private investors targeted to make up the remainder

An investment fund aimed at raising €1bn ($1.2bn) from financial and industrial investors to finance projects in the production, storage and distribution of clean hydrogen is to launch later this week. The FiveT Hydrogen Fund will receive initial funding from fuel cell firm Plug Power €160mn, engineering firm Chart Industries €50mn and energy technology company Baker Hughes €50mn. The cornerstone investors will also help to guide the fund’s early stages of investment. The fund aim is to secure a further $740m exclusively from qualifying private investors. The fund will be led by Pierre-Etienne Franc, who was the vice president of hydrogen energy for industrial gases company Air Liquide and

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
FiveT bullish on hydrogen fund prospects
20 April 2021
The industry-backed hydrogen fund says it ticks all the boxes for clean in-vestment
US firms claim world first with coal-to-hydrogen power conversion
20 April 2021
Technology to repurpose coal-fired plant to run on 100pc blue hydrogen
Gain granular control with engineering data in the cloud
20 April 2021
Embracing technological agility is crucial for organisations to move at scale, work remotely and make better-informed operational decisions
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video