Airbus invests in world’s largest clean hydrogen infrastructure fund managed by Hy24.
Airbus has joined the world’s largest clean hydrogen infrastructure investment fund, managed by Hy24 – a joint venture between Ardian, a world-leading private investment house and FiveTHydrogen, an investment manager specialising in clean hydrogen investments.
Hy24’s investment fund will provide financial capital to back credible, large-scale green hydrogen infrastructure projects world-wide. Airbus’ involvement assures its commitment to the scaling up of a global hydrogen economy, a prerequisite for the successful entry-into-service of its zero-emission commercial aircraft by 2035.
Karine Guenan, VP ZEROe Ecosystem, Airbus, said:
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Since 2020, Airbus has partnered with numerous airlines, airports, energy providers and industry partners to develop a stepped approach to global hydrogen availability.
“Joining a fund of this magnitude demonstrates Airbus’ continuously active role in infrastructure investments for the production, storage and distribution of clean hydrogen worldwide.”
Pierre-Etienne Franc, the CEO of Hy24, said:
We are delighted that Airbus has joined the fund along with other key industrial and financial investors.
“Hy24 is well-positioned to identify and accelerate the development of clean-hydrogen infrastructure companies to meet today’s needs and ensure tomorrow’s transportation and logistics.”
As the aviation industry transitions to meet its net-zero carbon emissions goal by 2050, a significant number of requirements need to be met. Investing in such funds offers complimentary access to direct partnerships shaping the new energy ecosystems.
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Airbus invests in world’s largest clean hydrogen infrastructure fund managed by Hy24, July 21, 2022
