French Startup Elyse Energy Raises €120 Million for Maritime and Sustainable Aviation Fuel Projects
- Hydrogen fund Hy24 is taking a minority stake in the company
- Elyse aims to produce e-methanol, biokerosene in France, Spain
This article is for subscribers only.
Elyse Energy, a closely held French clean-tech startup, raised about €120 million ($126 million) to produce green fuels for use in chemicals, shipping and aviation.
The funding comprises an equity investment from the Hy24 infrastructure fund, which is taking a minority stake in Elyse, and sales of convertible bonds. It’ll help advance the company’s plans to produce renewable methanol, a chemical feedstock and fuel, and biokerosene for aviation.