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World’s First Pureplay Clean Hydrogen Investment Fund ‘FiveT Hydrogen’ Is Launched
CEO is Pierre-Etienne Franc, former Vice President of Air Liquide’s Hydrogen Energy Activities and Co-Secretary of the Hydrogen Council
Fund aims to raise €1 billion and act as a catalyst in the scaling of the global hydrogen economy
The Fund has already received publicly announced investment intentions of c.€300 million
Pandemic Accelerating Flow of Billions to Hydrogen: BNEF Q&A
18th of May 2021
The Covid-19 pandemic has accelerated interest in hydrogen, as policy makers around the world rush to pour billions of green stimulus money into technologies able to help the transition to net-zero emissions.
So said Pierre-Etienne Franc, the head of FiveT Hydrogen Fund, a new vehicle seeking to raise 1 billion euros ($1.2 billion) for clean-hydrogen infrastructure projects, in an interview with BloombergNEF.
Plug Power, Chart Industries and Baker Hughes Announce Their Intention To Become Cornerstone Investors In FiveT Hydrogen Fund
Investments intend to establish market presence for the FiveT Hydrogen Fund and enable initial stages of activity.
Combined investments of €260 million are part of a €1 billion Fund ambition, helping to drive development for climate change solutions and accelerate the energy transition to a net-zero future.
Three companies each bring financial, strategic and technical expertise to help further develop the hydrogen economy.