Airbus has joined the world’s largest clean hydrogen infrastructure investment fund, managed by Hy24 – a joint venture between Ardian, a world-leading private investment house and FiveTHydrogen, an investment manager specializing in clean hydrogen investments.
The investment fund of Hy24 will offer money to support reliable, sizable green hydrogen infrastructure projects all around the world. By getting involved, Airbus demonstrates its dedication to accelerating the global hydrogen economy, which is necessary for the successful introduction of its zero-emission commercial aircraft by 2035.
According to Karine Guenan, VP ZEROe Ecosystem at Airbus, “Since 2020, Airbus has collaborated with various airlines, airports, energy companies, and industry partners to establish a phased approach to the availability of hydrogen globally. “Airbus’ participation in a fund of this size reflects the company’s ongoing involvement in infrastructure investments for the production, storage, and global delivery of clean hydrogen.
Along with other significant business and financial investors, Airbus has joined the fund, according to Pierre-Etienne Franc, CEO of Hy24. “In order to address the needs of the present while ensuring the transportation and logistics of the future, Hy24 is in a good position to discover and accelerate the development of clean-hydrogen infrastructure companies.
A significant number of conditions must be completed when the aviation sector makes the transition to reach its net-zero carbon emissions target by 2050. Investing in these funds grants free access to the direct collaborations influencing the new energy ecosystems.