Airbus joins the investors’ club of the 1.5 billion euro clean hydrogen fund managed by Hy24
July 22 (Renewables Now) — Aircraft manufacturer Airbus Group (EPA:AIR) announced on Thursday that it has invested in a clean hydrogen infrastructure fund managed by Hy24, the joint venture platform of Paris-based investment firm Ardian and FiveT Hydrogen.
No details on the size of Aibus’ investment were available in the press release.
“Joining a fund of this magnitude demonstrates Airbus’ continued active role in infrastructure investments for the production, storage and distribution of clean hydrogen around the world,” said Karine Guenan, Vice President ZEROe Ecosystem. at Airbus.
Hy24 is the manager of the €1.5 billion ($1.54 billion) Clean Hydrogen Infrastructure Fund – a vehicle created in 2021 to invest across the entire hydrogen value chain, targeting the Europe, the Americas and Asia. Presented as the world’s largest investment platform dedicated to clean hydrogen, it should be able to support the development of around 15 billion euros of hydrogen projects in combination with public policies and some use of financing. by loan.
Among the fund’s flagship partners are the French companies TotalEnergies SE (EPA:TTE), Air Liquide (EPA:AI) and Vinci SA (EPA:DG). Investors include South Korean company Lotte Chemical Corp (KRX:011170), French insurer AXA SA (EPA:CS) and Credit Agricole SA (EPA:ACA).
Airbus’ investment aligns with the aviation industry’s commitment to achieve its goal of net zero carbon emissions by 2050 and also supports the manufacturer’s goal to launch its first commercial aircraft with zero carbon emissions. 2035.
(1.0 EUR = 1.024 USD)
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