Hy2gen secures another €47m to advance hydrogen and e-fuels
Global renewable hydrogen producer Hy2gen has raised €47m ($53.5m) from existing investors to accelerate the development of its portfolio of green hydrogen, e-fuels, and green ammonia projects across Europe, Canada and South America.
The capital raise, announced today (29 April), was led by Hy24’s Clean Hydrogen Infrastructure Fund alongside Technip Energies and founding investor BenDa.
The financing is expected to support growth in a sector that still faces challenges including high production costs, regulatory uncertainty, and the need for long-term offtake agreements to secure project viability.
Hy2gen said the funding would help move its most advanced projects towards final investment decision and then construction. Its current portfolio includes green ammonia, e-methanol, e-methane and e-SAF projects targeting hard-to-abate sectors such as shipping, aviation and fertilisers.
... to continue reading you must be subscribed
Subscribe Today
To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.
