Hy24 led a €47m funding round in Hy2gen.

Hy24, a private equity asset manager dedicated exclusively to advancing the global clean‑hydrogen economy, led a €47m funding round in Hy2gen, a producer of renewable fuels, with participation from Technip Energies, and BenDa. “In today’s geopolitical and industrial context, resilience is essential. Over the past three years, Hy2gen has demonstrated its ability to build a diversified portfolio of e-fuel and green ammonia projects across Europe, Canada and South America. The company has mobilized a highly experienced team and addressed the complex challenge of industrial scalability and decarbonization—balancing offtake agreements with unique access to renewable resources. As an investor and catalyst, our role is to support the most promising entrepreneurs in the ecosystem. That is why we are reaffirming our confidence in Hy2Gen and its development strategy,” Pierre-Etienne Franc, Hy24 Co-founder and CEO.