Hy24

Hy24 is an investment management company created in 2021 to promote the global low-carbon hydrogen ecosystem by investing across the entire value chain from infrastructures to technologies and supply chains.

History

Hy24 is an investment management company created in 2021 by FiveT Hydrogen and Ardian. The company was co-founded by Pierre-Étienne Franc.
In December 2021, Hy24 raised 1.5 billion euros.
In October 2022, Hy24 raised 2 billion euros to finance the development of the hydrogen industry.
The French company Hy24 has acquired stakes in several companies operating in the hydrogen sector, including HysetCo, Elyse Energy, and the Spanish firms Enagas Renovable and H2Site.
In 2023, Hy24 invested in InterContinental Energy, a Singapore-based renewable energy firm, and also expanded into the Nordic region via its Danish partner, Everfuel. In February 2023, Hy24 and its Danish partner Everfuel announced a total investment of 200 million euros in a joint venture to finance infrastructure in Denmark, Norway, Sweden and Finland. In June 2023, Hy24 announced its plan to launch a second fund to scale-up hydrogen equipment manufacturing. Later, in September, Swedish company Stegra raised 1.5 billion euros from several funds including Hy24.