Renewable fuels developer Hy2gen has secured an additional €47 million from existing shareholders to expedite its portfolio of e-fuels projects. The funding aims to propel the advancement of renewable hydrogen and clean fuel projects in Europe, Canada, and South America, all of which are in the pre-Final Investment Decision (FID) stage. These projects, totaling approximately 2 GW of planned electrolysis capacity, are set to receive over €5 billion in investment by 2027. Notable projects include a €2 billion ammonia plant in Canada, expanded hydrogen facilities in Germany, a renewable ammonia project in Norway, and an e-SAF project in France's Fos-Marseille region developed with H2V. The e-fuels generated from these initiatives are destined for sectors like shipping and aviation. Hy2gen's CEO, Cyril Dufau-Sansot, emphasized that the demand for renewable hydrogen and its derivatives is on the rise, aligning with the long-term economic imperative to decarbonize industries. This latest funding injection serves as a critical milestone in transitioning major projects from the planning to the construction phase, showcasing Hy2gen's commitment to advancing sustainable energy solutions.