Europe must ‘change gear’ on hydrogen support – Hy24

Investment fund calls for coordinated efforts by EU member states to build out refuelling networks and accelerate uptake of hydrogen in heavy-duty transport

Investment fund Hy24 is championing hydrogen’s potential in the EU mobility sector, but it warns a lack of urgency among member states in rolling out refuelling networks risks undermining the decarbonisation of heavy-duty transport. Hy24, which claims to be the world’s largest fund dedicated to hydrogen infrastructure, plans to invest 50pc of its €2bn ($2.2bn) capital into mobility. “We are unique in this respect—there are other funds that could support production, but we are the only one with this focus on the mobility sector,” says Nicolas Brahy, general counsel and head of public affairs and ESG at Hy24, a joint venture between French asset manager Ardian and investment firm FiveT Hydroge