Energy & Science
German Hydrogen Startup Raises $227 Million for Green Projects
- Largest private investment in green hydrogen, Hy2gen says
- Hy2gen is building plants in Germany, Norway, France, Canada
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Hy2gen AG, a German startup partly owned by oil trading giant Trafigura Group, raised 200 million euros ($227 million) to build plants that will produce green hydrogen for industries and transport.
It will be the largest private spending in green hydrogen, with the funds coming from Hy24, Mirova SA and Caisse de Depot et Placement du Quebec, with Technip Energies NV as a strategic investor, Hy2gen said in a statement Thursday. The financing is a mixture of equity and convertible bonds.