Credit Agricole Assurances is the insurance arm of the French bank
Credit Agricole invests in hydrogen fund Hy24
French bank’s insurance arm becomes significant investor in largest pure-play clean hydrogen infrastructure fund
Credit Agricole Assurances, France’s largest insurance group, has made a “significant” investment in clean hydrogen fund Hy24. Hy24, a joint venture between French asset manager Ardian and hydrogen investment firm FiveT Hydrogen, is the world’s largest pure-play clean hydrogen infrastructure fund. Launched in October last year, it aims to raise total capital of €1.5bn ($1.6bn) to invest across the sector’s value chain, with a strong focus on mobility applications. Credit Agricole Assurances, which already owns about 9GW of installed renewables capacity in Europe, says it will be a “major contributor” to Hy24, although it did not put a figure on the size of its commitment. “Our investment in
Also in this section
23 April 2025
Gulf state signs agreement with multiple partners aimed at creating large-scale liquid hydrogen supply chain into the Netherlands and Germany
23 April 2025
Scheme will fund up to 345MW of electrolyser capacity through direct grants for up to ten years
23 April 2025
Government cites slower than expected market development but stands by plan to offer €4b of subsidies to projects aimed at industry
11 April 2025
Tariffs and other protectionist measures raise questions about China’s plans to export green fuels and electrolysers, despite its huge cost advantages
