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 ^{[1] [2]} created in 2021 by FiveT Hydrogen and Ardian. ^[3] The company was co-founded by Pierre-Étienne Franc. ^[4]

In December 2021, Hy24 raised 1.5 billion euros. ^{[5] [6]}

In October 2022, Hy24 raised 2 billion euros ^{[7] [8]} to finance the development of the hydrogen industry. ^{[9] [10]}

The French company Hy24 has acquired stakes in several companies operating in the hydrogen sector, ^[11] including HysetCo (urban mobility), ^[12] Elyse Energy (sustainable fuels for aviation and shipping), ^{[13] [14]} and the Spanish firms Enagas Renovable and H2Site. ^[15]

In 2023, Hy24 invested in InterContinental Energy, a Singapore-based renewable energy firm, ^[16] and also expanded into the Nordic region via its Danish partner, Everfuel. ^[17] 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. ^[18] In June 2023, Hy24 announced its plan to launch a second fund to scale-up hydrogen equipment manufacturing. ^[3] Later, in September, Swedish company Stegra (previously H2 Green Steel) raised 1.5 billion euros from several funds including Hy24. ^[19]

References

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