Hy2gen AG Secures €47M Funding Round for Global Expansion
Key Ideas
  • Hy2gen AG, based in Wiesbaden, Germany, completed a €47M funding round led by Hy24, aimed at expanding its global hydrogen project pipeline.
  • The company has demonstrated success in building a diversified portfolio of renewable hydrogen and e-fuel projects across Europe, Canada, and South America, with plans for significant electrolysis capacity expansion.
  • Hy2gen's collaboration with key investors like Hy24, Technip Energies, and BenDa showcases strong industry support for the development of renewable fuels to cut industrial emissions and foster a sustainable future.
  • The funds raised will enable Hy2gen to advance its projects, including the construction of plants for renewable hydrogen and derivatives, contributing to the growing demand for sustainable energy solutions globally.
Wiesbaden-based Hy2gen AG, a renewable hydrogen producer, secured €47M in funding led by Hy24's Clean Hydrogen Infrastructure Fund. The investment, supported by Technip Energies and BenDa, aims to expand the company's project pipeline, with notable developments in e-fuels and green ammonia. Hy2gen's successful venture into renewable energy has attracted global attention, with expansion plans in Europe, Canada, and South America. The company's strategic partnerships and diverse energy projects highlight a commitment to industrial decarbonisation. With a focus on Power-to-X solutions, Hy2gen is positioning itself as a top supplier of renewable fuels for various high-energy sectors. The recent capital raise will drive the company's growth in renewable hydrogen technology, emphasizing the increasing demand for sustainable solutions in industries like shipping, aviation, and steel. Through collaborations with investors like Hy24, Technip Energies, and BenDa, Hy2gen is poised to lead the renewable hydrogen industry, addressing the long-term economic need for decarbonisation and sustainable energy sources.
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