Responsible Finance
Published on 01/10/2021

Creation of the world's largest investment platform dedicated to low-carbon hydrogen infrastructure

Ardian and FiveT Hydrogen announce the creation of Hy24, the largest global fund exclusively dedicated to clean hydrogen infrastructure solutions.

The fund, which aims to accelerate growth of the hydrogen ecosystem by investing in large strategic projects and leveraging the alliance of industrial and financial players and has already secured initial commitments of 800 million euros and aims out of the 1.5 billion euros total objective.

Investors participation include Air Liquide, TotalEnergies and VINCI combining forces with other large international companies such as Plug Power, Chart Industries, Baker Hugues, AXA and LOTTE Chemical. With this significant investment potential and a strong industrial expertise at its heart, the clean Hy24 infrastructure fund will have a unique capacity to unlock large scale projects under development and accelerate the scaling up of hydrogen markets. With the announced support of public policies and some use of debt financing, the fund should be able to participate in the development of hydrogen projects with a total value of about 15 billion euros.

Societe Generale is acting as sole financial advisor in the creation and structuration of the Fund, the gathering of the investor base as well as the selection of the Investment team.

This landmark transaction in the Hydrogen sector demonstrates the Group's commitment to leveraging its expertise in innovative financing and energy advisory to help create tomorrow’s low carbon hydrogen solutions.

Societe Generale, an active supporter of energy transition and a leading player in the field of renewable energies for over ten years, was notably one of the first financial institutions to join the Hydrogen Council in January 2020.