Hy24 and Mirova led a €120m funding round in Elyse Energy.

Hy24, a private asset manager focused on the hydrogen economy, and Mirova, an asset managerment company, led a €120m funding round in Elyse Energy, a French company producing sustainable fuels and low-carbon feedstock, with participation from PGGM, a Dutch pension fund investor, and Bpifrance, the French public investment bank. “We must stay the course on French and European ambitions to decarbonize the maritime and aviation sectors, which cannot achieve their transition without low-carbon hydrogen. The role of these molecules in our future energy mixes and for our industries is central. They will enable France to position itself as a strategic player at the heart of the European energy hub. We are proud to support entrepreneurs like Elyse Energy and the development of projects contributing to the collective effort toward greater energy sovereignty,” Pierre-Etienne Franc, Hy24 Co-Founder and CEO.