Hy24

Hy24 is an investment management company focused on promoting the global low-carbon hydrogen ecosystem by investing across its entire value chain, particularly in infrastructure. Operating as a 50/50 joint venture between FiveT Hydrogen and Ardian, it manages a €2 billion Clean Hydrogen Infrastructure Fund, aiming to mobilize up to €20 billion in investment capacity over six years. The fund has attracted over 50 industrial and financial investors from 13 countries, including anchor investors such as Air Liquide, TotalEnergies, Plug Power, VINCI Concessions, and AXA. Hy24 recently led a ~€200 million funding round for HysetCo to accelerate hydrogen mobility solutions. The firm was co-founded in 2021 by Pierre-Etienne Franc and Ardian. Its business model centers on raises commitments for its regulated clean hydrogen infrastructure fund , then mobilizes up to €20 billion in investment capacity over six years by leveraging debt, subsidies, and co-investments from over 50 industrial and financial investors.