TotalEnergies teams up for world’s largest hydrogen fund
France Hydrogen renewable energy production - hydrogen gas for clean electricity solar and windturbine facility. 3d rendering. (Hydrogen renewable energy production - hydrogen gas for clean electricity solar and windturbine facility. 3d rendering., ASCII, 12
The goal of the fund is to accelerate the growth of clean hydrogen assets in the Americas, Asia and Europe by partnering in projects.
TotalEnergies, Air Liquide and Vinci Concessions are anchor partners in the fund, promising to invest USD 115 million each.
TotalEnergies has already invested USD 928 million.
The fund will be managed by Hy24, a 50:50 joint venture between private equity company Ardian and hydrogen asset manager FiveT Hydrogen.
Having Hy24 as fund manager allows the initiative to join with other clean energy investment schemes and add entities such as Power Plug, Chart Industries and Baker Hughes as anchor partners.
Recent Posts
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Shelf Drilling wins $54-million North Sea contract
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
In new agrivoltaics vision, Australia solar farm integrates sheep
A 720-MW Australian solar farm is pioneering a model of agrivoltaics with livestock integration by playing host to more than… Read More
Sapura wins underwater services contract in Malaysia
Malaysia’s Sapura Energy has been awarded a five-year contract from Thailand’s PTTEP to conduct Pan Malaysia subsea services for Petronas… Read More
Qatar strikes $6-billion deal with China shipyard for LNG carriers
QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More