Paris \/ Zurich \u2014 The infra\u00adstruc\u00adture divi\u00adsion of Ardian, one of the worl\u00add\u2019s leading inde\u00adpen\u00addent invest\u00adment firms, and FiveT Hydro\u00adgen, an invest\u00adment plat\u00adform specia\u00adli\u00adzing in clean hydro\u00adgen, have jointly laun\u00adched Hy24, www.hy24partners.com. As the worl\u00add\u2019s largest clean hydro\u00adgen infra\u00adstruc\u00adture invest\u00adment plat\u00adform, Hy24, a joint venture company owned 50\/50 by the two part\u00adners, will invest in projects criti\u00adcal to global decarbonization.<\/p>\n
Hy24 is targe\u00adting \u20ac1.5 billion for its first fund, making the plat\u00adform the mana\u00adger of the indus\u00adtry\u2019s largest clean hydro\u00adgen infra\u00adstruc\u00adture fund. The fund alre\u00adady has commit\u00adments of \u20ac800 million from a number of leading indus\u00adtrial and finan\u00adcial inves\u00adtors, all of whom are alre\u00adady invol\u00adved in clean hydro\u00adgen. The initia\u00adtive for the fund can be traced back to two inves\u00adtor groups:<\/p>\n
Air Liquide, Total\u00adEner\u00adgies <\/strong>and VINCI Conces\u00adsi\u00adons<\/strong> are commit\u00adted to the deve\u00adlo\u00adp\u00adment of low-carbon and rene\u00adwa\u00adble hydro\u00adgen and have each pled\u00adged \u20ac100 million in funding as anchor investors. The inter\u00adna\u00adtio\u00adnal selec\u00adtion process under which Hy24 was chosen as the invest\u00adment vehicle and the enga\u00adge\u00adment of indus\u00adtrial inves\u00adtors was led by Soci\u00e9t\u00e9 G\u00e9n\u00e9rale.<\/p>\n Hy24 plans to bring toge\u00adther more inter\u00adna\u00adtio\u00adnal insti\u00adtu\u00adtio\u00adnal inves\u00adtors and indus\u00adtry play\u00aders to fund hydro\u00adgen projects around the world on a large scale.<\/p>\n Hy24 combi\u00adnes Ardian\u2019s proven infra\u00adstruc\u00adture invest\u00adment exper\u00adtise and asset manage\u00adment capa\u00adbi\u00adli\u00adties with FiveT Hydro\u00adgen\u2019s exten\u00adsive access and expe\u00adri\u00adence in the hydro\u00adgen value chain. This combi\u00adna\u00adtion crea\u00adtes the largest and most convin\u00adcing part\u00adner for energy compa\u00adnies and inves\u00adtors who want to contri\u00adbute to the expan\u00adsion of the hydro\u00adgen infra\u00adstruc\u00adture. It also responds to the enorm\u00adous demand from govern\u00adments, compa\u00adnies and inves\u00adtors who want to support global climate targets with their invest\u00adments in hydro\u00adgen. Recent analyses[2] show that by 2050, up to 100 tril\u00adlion people will have to live on the streets. US dollars of invest\u00adment in hydro\u00adgen will be requi\u00adred to achieve green\u00adhouse gas neutrality.<\/p>\n Hy24\u2019s first fund is laun\u00adched under Article 9 of the Sustainable Finance Disclo\u00adsure Regu\u00adla\u00adtion (\u201cSFDR\u201d) as an impact fund with the aim of redu\u00adcing global carbon emis\u00adsi\u00adons. It will scale proven tech\u00adno\u00adlo\u00adgies into mature infra\u00adstruc\u00adture assets that gene\u00adrate predic\u00adta\u00adble cash flows and offer inves\u00adtors exclu\u00adsive access to a new asset class with the poten\u00adtial to grow at a pace compa\u00adra\u00adble to rene\u00adwa\u00adble energy. The port\u00adfo\u00adlio will be diver\u00adsi\u00adfied across diffe\u00adrent regi\u00adons (Europe, Ameri\u00adcas and Asia) and across the value chain: from upstream projects such as green hydro\u00adgen produc\u00adtion to down\u00adstream projects such as vehicle fleet and refue\u00adling stati\u00adons. The value crea\u00adtion oppor\u00adtu\u00adni\u00adties are signi\u00adfi\u00adcant and include both job crea\u00adtion and decar\u00adbo\u00adniza\u00adtion \u2014 espe\u00adci\u00adally in sectors where progress has been slow.<\/p>\n Mathias Burg\u00adhardt, Head of Ardian Infra\u00adstruc\u00adture and Member of Ardian\u2019s Execu\u00adtive Commit\u00adtee<\/strong>, said: \u201cWe are proud to have been selec\u00adted by some of the worl\u00add\u2019s leading indus\u00adtrial compa\u00adnies and inves\u00adtors to lead this initia\u00adtive. The Euro\u00adpean Union has only recently announ\u00adced the streng\u00adthening of its efforts to achieve climate goals. Just before the start of the UN Climate Change Confe\u00adrence in 2021, it is a great respon\u00adsi\u00adbi\u00adlity to lead such a plat\u00adform. In the field of rene\u00adwa\u00adble ener\u00adgies, we are one of the inves\u00adtors from the very begin\u00adning. Today, our plat\u00adform has a capa\u00adcity of 7.5 GW for heat and rene\u00adwa\u00adbles. We expect a simi\u00adlarly promi\u00adsing deve\u00adlo\u00adp\u00adment in the hydro\u00adgen sector. Moreo\u00adver, the joint venture is exactly in line with Ardian Infra\u00adstruc\u00adtu\u00adre\u2019s way of working. We are confi\u00addent that Hy24 will play a leading role in acce\u00adle\u00adra\u00adting hydro\u00adgen deploy\u00adment, as buil\u00adding hydro\u00adgen capa\u00adcity is criti\u00adcal to decar\u00adbo\u00adni\u00adzing our economies.\u201d<\/p>\n Pierre-Etienne Franc, co-foun\u00adder and CEO of FiveT Hydro\u00adgen, said, \u201cThis is a major step forward for FiveT Hydro\u00adgen. Through this unique part\u00adner\u00adship, we expect to mobi\u00adlize \u20ac15 billion in invest\u00adments that will serve as a cata\u00adlyst for the rapid expan\u00adsion of the indus\u00adtry. The world urgen\u00adtly needs to acce\u00adle\u00adrate the energy tran\u00adsi\u00adtion and reduce carbon emis\u00adsi\u00adons, inclu\u00adding in energy-inten\u00adsive, hard-to-contain sectors like trans\u00adpor\u00adta\u00adtion and indus\u00adtrial production.\u201d<\/p>\n Hy24\u2019s Board of Direc\u00adtors consists of Laurent Fayol\u00adlas (Presi\u00addent), Pierre-Etienne Franc (CEO), Amir Sharifi (Chief Invest\u00adment Offi\u00adcer), Nico\u00adlas Brahy (Gene\u00adral Coun\u00adsel, Public Affairs and ESG Direc\u00adtor) and S\u00e9bas\u00adtien Pail\u00adlat (Mana\u00adging Direc\u00adtor, Invest\u00adments). A recruit\u00adment process is curr\u00adently under\u00adway to build a dedi\u00adca\u00adted global team that will operate in France, Switz\u00ader\u00adland, the US and Singapore.<\/p>\n About Hy24<\/strong><\/p>\n The Hy24 joint venture was estab\u00adlished jointly by Ardian and FiveT Hydro\u00adgen as the first major global invest\u00adment plat\u00adform focu\u00adsed exclu\u00adsi\u00advely on hydro\u00adgen infra\u00adstruc\u00adture. It grew out of an initia\u00adtive laun\u00adched by leading indus\u00adtrial compa\u00adnies: Air Liquide, Total\u00adEner\u00adgies, VINCI Conces\u00adsi\u00adons, Plug Power, Baker Hughes, Chart Indus\u00adtries and AXA, a leading insti\u00adtu\u00adtio\u00adnal investor.<\/p>\n The new invest\u00adment plat\u00adform combi\u00adnes exten\u00adsive indus\u00adtrial exper\u00adtise with the ability to acce\u00adle\u00adrate the scaling of hydro\u00adgen solu\u00adti\u00adons along the entire value chain. These include produc\u00adtion, conver\u00adsion, storage, supply and use. HY24 will support large early-stage projects as well as stra\u00adte\u00adgic projects to become major energy infra\u00adstruc\u00adtures. hy24partners.com<\/p>\n About Ardian<\/strong><\/p>\n Ardian is one of the worl\u00add\u2019s leading inde\u00adpen\u00addent invest\u00adment firms, mana\u00adging over US$114 billion in assets for its inves\u00adtors from Europe, South and North America and Asia. The company is majo\u00adrity-owned by its employees and gene\u00adra\u00adtes sustainable, attrac\u00adtive returns for its inves\u00adtors. With the objec\u00adtive of achie\u00adving posi\u00adtive results for all stake\u00adhol\u00adders, Ardian\u2019s acti\u00advi\u00adties promote indi\u00advi\u00addu\u00adals, compa\u00adnies and econo\u00admies world\u00adwide. Ardian\u2019s invest\u00adment philo\u00adso\u00adphy is aligned with the three guiding prin\u00adci\u00adples of excel\u00adlence, loyalty and entrepreneurship.<\/p>\n The company has a global network of more than 750 employees and 15 offices in Europe (Frank\u00adfurt, Jersey, London, Luxem\u00adbourg, Madrid, Milan, Paris and Zurich), South America (Sant\u00adiago de Chile), North America (New York and San Fran\u00adcisco) and Asia (Beijing, Seoul, Singa\u00adpore and Tokyo). Ardian mana\u00adges the assets of its more than 1,200 inves\u00adtors in five invest\u00adment areas: Direct Funds, Funds of Funds, Infra\u00adstruc\u00adture, Private Debt and Real Estate. www.ardian.com<\/p>\n","protected":false},"excerpt":{"rendered":" Paris \/ Zurich \u2014 The infra\u00adstruc\u00adture divi\u00adsion of Ardian, one of the worl\u00add\u2019s leading inde\u00adpen\u00addent invest\u00adment firms, and FiveT Hydro\u00adgen, an invest\u00adment plat\u00adform specia\u00adli\u00adzing in clean hydro\u00adgen, have jointly laun\u00adched Hy24, www.hy24partners.com. As the worl\u00add\u2019s largest clean hydro\u00adgen infra\u00adstruc\u00adture invest\u00adment plat\u00adform, Hy24, a joint venture company owned 50\/50 by the two part\u00adners, will invest in [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39054,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1368,1369],"tags":[],"class_list":["post-40200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-consultants-auditors","category-investors"],"yoast_head":"\n
\nPlug Power, Chart Indus\u00adtries <\/strong>and Baker Hughes<\/strong>, Five\u00adT\u2019s foun\u00adding inves\u00adtors, will also support the new fund as anchor investors.
\nIn addi\u00adtion, the major South Korean group Lotte Chemi\u00adcal <\/strong>and AXA<\/strong>, one of the worl\u00add\u2019s leading insti\u00adtu\u00adtio\u00adnal inves\u00adtors, will invest in the new fund as anchor inves\u00adtors. Other major inter\u00adna\u00adtio\u00adnal indus\u00adtrial groups with exten\u00adsive commit\u00adments to carbon neutra\u00adlity also plan to parti\u00adci\u00adpate in the initia\u00adtive. So far, these include Groupe ADP, Ball\u00adard, EDF <\/strong>and Schaeff\u00adler<\/strong> \u2014 with other part\u00adners expec\u00adted to join shortly.<\/p>\n