Hy2gen, a global renewable hydrogen producer based in Wiesbaden, Germany, has successfully raised €47 million in funding from existing shareholders. The funding round was led by Hy24, Technip Energies, and individual founding investor BenDa. This financial boost will aid Hy2gen in accelerating the deployment of its portfolio of projects focused on producing renewable hydrogen and its derivatives in Europe, Canada, and South America. The goal is to reach Final Investment Decision (FID) and progress towards the construction phase. Hy2gen specializes in designing, building, and operating green hydrogen, green ammonia, e-SAF, e-methane, and e-methanol production plants using Power-to-X processes. These projects cater to industries like shipping, aviation, chemicals, and fertilizers, assisting them in decarbonizing energy-intensive sectors. The funding will specifically benefit Hy2gen's most advanced projects with a total installed electrolysis capacity of around 2 GW, aiming for construction by 2027. The company's portfolio includes projects like the 'Courant' plant in Canada, the 'Atlantis' plant extension in Germany, and the 'Iverson' project in Norway. These initiatives play a crucial role in contributing to the decarbonization of various sectors, such as aviation, and promoting the use of renewable energy sources. The positive sentiment towards renewable hydrogen is echoed by Hy2gen's CEO Cyril Dufau-Sansot and key investors like Pierre-Etienne Franc, Arnaud Pieton, and Dana Kallasch. They emphasize the importance of sustainable energy solutions in combating climate change and driving industrial decarbonization. The continuous support from investors reflects confidence in Hy2gen's vision for a greener future and its significant role in the renewable energy landscape.