Hy24, a joint-venture between FiveT Hydrogen, the clean hydrogen-enabling investment partner, and private investment house Ardianm has closed its first impact fund – the Clean H2 Infra Fund – with €2 billion of allocations, exceeding its initial target.

Hy24 says the fund is the world’s first and largest infrastructure fund to invest exclusively in the entire clean hydrogen value chain.

The fund’s founding anchor investors are Air Liquide, VINCI Concessions, TotalEnergies, Plug Power, Chart Industries and Baker Hughes.

Read more: Private Equity Wire