climate

In brief: Airbus invests in Ardian’s €1.5bn hydrogen pilot, Hy24

Airbus has a ‘commitment to the scaling up of a global hydrogen economy’ and this investment ‘offers complimentary access to direct partnerships shaping the new energy ecosystems’.

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Airbus Group has an appetite for hydrogen investments: the aircraft manufacturer has become the latest industrial investor in a €1.5 billion clean hydrogen fund from Ardian’s Hy24 Partners. This investment is part of Airbus’s “commitment to the scaling up of a global hydrogen economy”, which is “a prerequisite” for its goal of putting a zero-emissions commercial aircraft into service by 2035, Airbus said in a statement. “Investing in such funds offers complimentary access to direct partnerships shaping the new energy ecosystems,” the statement continued.

Hy24 is an investment house established last year by Ardian and specialist asset manager FiveT Hydrogen AG. Hy24’s debut fund, Clean H2 Infra, has is aligned with Article 9 of the EU’s SFDR. Other investors include TotalEnergies, Japanese trading giant Itochu Corporation, lease financing company Tokyo Century Corporation, VINCI and EDF.