Hy24

Hy24
Founded2021
FounderPierre-Étienne Franc (directeur général)[1]
Headquarters
Paris[2]
,
France

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[3][4] created in 2021 by FiveT Hydrogen and Ardian.[5] The company was co-founded by Pierre-Étienne Franc.[6]

In December 2021, Hy24 raised 1.5 billion euros.[7][8]

In October 2022, Hy24 raised 2 billion euros[9][10] to finance the development of the hydrogen industry.[11][12]

The French company Hy24 has acquired stakes in several companies operating in the hydrogen sector,[13] including HysetCo (urban mobility),[14] Elyse Energy (sustainable fuels for aviation and shipping),[15][16] and the Spanish firms Enagas Renovable and H2Site.[17]

In 2023, Hy24 invested in InterContinental Energy, a Singapore-based renewable energy firm,[18] and also expanded into the Nordic region via its Danish partner, Everfuel.[19] 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.[20] In June 2023, Hy24 announced its plan to launch a second fund to scale-up hydrogen equipment manufacturing.[5] Later, in September, Swedish company Stegra (previously H2 Green Steel) raised 1.5 billion euros from several funds including Hy24.[21]

References

  1. ^ https://www.latribune.fr/climat/energie-environnement/hy24-le-champion-francais-de-l-hydrogene-vert-987257.html
  2. ^ https://www.ouest-france.fr/economie/energie/ce-fonds-d-investissement-francais-recolte-deux-milliards-d-euros-pour-l-hydrogene-vert-851a8c70-4895-11ed-9d2c-2b6045373a5c
  3. ^ "Hydrogène. Hy24 investit 200 millions d'euros dans Hysetco et en devient l'actionnaire majoritaire". L'Argus. April 15, 2024. Retrieved July 22, 2025.
  4. ^ "Hy24, le champion français de l'hydrogène vert". La Tribune. January 7, 2024. Retrieved July 22, 2025.
  5. ^ a b "Hydrogène : Hy24 prépare le lancement d'un deuxième fonds destiné aux équipements". Le Figaro. June 29, 2023. Retrieved July 22, 2025.
  6. ^ "HysetCo lève 200 millions d'euros pour accélérer dans les transports à hydrogène". Le Figaro. April 10, 2024. Retrieved July 22, 2025.
  7. ^ "'Shaping the hydrogen industry': Hy24 targeting upstream and downstream opportunities". Up Stream. December 3, 2021.
  8. ^ "Hy24 : un fonds de 1,5 milliard d'euros pour structurer le marché de l'hydrogène décarboné". La Tribune (in French). January 10, 2021.
  9. ^ "Hydrogen fund Hy24 raises €2bn as investors seek to tap clean energy shift". Financial Times. October 10, 2022.
  10. ^ Nouvelle, L'Usine (October 12, 2022). "Doté de 2 milliards d'euros, le fonds d'infrastructure dans l'hydrogène entre dans une nouvelle phase". L'Usine Nouvelle.
  11. ^ "Hy24 clôture son fonds à 2 milliards d'euros". Zone Bourse (in French). October 10, 2022.
  12. ^ "Le chiffre du jour. L'hydrogène vert européen attire les investissements des plus grandes entreprises". Courrier International (in French). October 11, 2022.
  13. ^ "Hyt24 SAS". Bloomberg. Retrieved July 22, 2025.
  14. ^ "Spécialiste de la mobilité hydrogène, HysetCo lève 200 millions d'euros auprès d'Hy 24". Challenges. April 10, 2024. Retrieved July 22, 2025.
  15. ^ "PGGM, Bpifrance, Hy24 et Mirova alimentent Elyse Energy avec 120 millions d'euros". L'Agefi. December 5, 2024. Retrieved July 22, 2025.
  16. ^ "Elyse Energy annonce avoir sécurisé près de 120 millions d'euros auprès d'un consortium d'investisseur". Boursier. December 5, 2024. Retrieved July 22, 2025.
  17. ^ "Comment H2Site, une start-up espagnole, veut démocratiser le transport de l'hydrogène". Les Echos. January 21, 2025. Retrieved July 22, 2025.
  18. ^ "Hydrogène : le français Hy24 investit dans un projet ultra-ambitieux en Asie". Les Echos. September 26, 2023. Retrieved July 22, 2025.
  19. ^ "Hydrogène : le fonds français Hy24 investit dans les pays nordiques". Connaissances des Energies. February 28, 2023. Retrieved July 22, 2025.
  20. ^ "Hydrogène : Hy24 investit dans les pays nordiques". Le Figaro. February 28, 2023. Retrieved August 26, 2025.
  21. ^ "Acier vert en Suède: H2 Green Steel boucle son financement". Connaissances des Energies (in French). September 12, 2023. Retrieved August 26, 2025.
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