Ardian, a private equity firm, and FiveT Hydrogen, an infrastructure Greenfield fund, agreed to form Hy24, an opertaor of hydrogen infrastructure investment platform. Financial terms were not disclosed. “We are proud to have been chosen by some of the world’s leading industrial players and investors to lead this initiative. At a time when the European Union has announced a step-up in its climate ambitions, and just ahead of COP26, it is a great responsibility to lead such a platform. We were early backers of the renewables market, our platform reaching 7.5GW of heat and renewable capacity today, and it is clear to us that hydrogen is facing a similar trajectory. This collaborative partnership is exactly in line with how Ardian Infrastructure operates. We are confident that Hy24 will be able to play a leading role in accelerating the hydrogen scale-up needed to decarbonize our economies," Mathias Burghardt, Ardian Head of Ardian Infrastructure and Member of Executive Committee.