FiveT Hydrogen Fund secures EUR1bn first close

Ardian and FiveT Hydrogen, a clean hydrogen investment platform, have announced the EUR1 billion (US$1.14 billion) first close for its Clean H2 Infra Fund. The fund is part of the launched Hy24 joint venture. 

The infrastructure fund focuses on clean hydrogen infrastructure projects at scale. It will exclusively finance projects in the production, storage, and distribution of clean hydrogen. Projects will aim to achieve strong infrastructure returns and deliver true sustainability for a lasting impact on the environment, society, and businesses.