German renewable hydrogen producer Hy2gen has raised €47m in funding from existing shareholders, led by Hy24's Clean Hydrogen Infrastructure Fund. The investment is set to boost the development of renewable hydrogen and other fuels projects in sectors like shipping, aviation, and chemicals. Hy2gen's expansion includes various renewable fuel plants across different countries, with plans for further global expansion. The company's CFO highlighted the diverse applications of their products, covering sectors like shipping, aviation, and mining. Current projects include renewable ammonia production in Canada, renewable hydrogen capacity extension in Germany, and e-SAF production in France. Hy2gen is expected to initiate construction on these projects by 2027, with a significant total electrolysis capacity and a substantial investment requirement. The company intends to secure additional funds from existing and potential investors for future construction phases. The overall sentiment towards Hy2gen's initiatives is positive, with investors expressing confidence in the company's role in addressing decarbonisation challenges in critical industries.