Airbus invests in clean hydrogen infrastructure investment fund
The largest in the world, Hy24’s investment fund is expected to provide financial capital to back large-scale green hydrogen infrastructure projects worldwide.
Airbus (Toulouse, France) has joined what is reported to be the world’s largest clean hydrogen infrastructure investment fund, managed by Hy24 — a joint venture between private investment house Ardian (Paris, France) and FiveTHydrogen (Pfäffikon, Switzerland), a clean hydrogen investment manager.
Hy24’s investment fund will provide financial capital to back credible, large-scale green hydrogen infrastructure projects worldwide. Airbus’ involvement assures its commitment to the scaling up of a global hydrogen economy, a prerequisite for the successful entry-into-service of its zero-emission commercial aircraft by 2035.
"Since 2020, Airbus has partnered with numerous airlines, airports, energy providers and industry partners to develop a stepped approach to global hydrogen availability,” Karine Guenan, VP ZEROe Ecosystem, Airbus, says. “Joining a fund of this magnitude demonstrates Airbus’ continuously active role in infrastructure investments for the production, storage and distribution of clean hydrogen worldwide.”
According to Pierre-Etienne Franc, the CEO of Hy24, the joint venture is well-positioned to identify and accelerate the development of clean hydrogen infrastructure companies to meet the needs of transportation and logistics.
Related Content
-
Next-generation airship design enabled by modern composites
LTA Research’s proof-of-concept Pathfinder 1 modernizes a fully rigid airship design with a largely carbon fiber composite frame. R&D has already begun on higher volume, more automated manufacturing for the future.
-
Plant tour: Middle River Aerostructure Systems, Baltimore, Md., U.S.
The historic Martin Aircraft factory is advancing digitized automation for more sustainable production of composite aerostructures.
-
Plant tour: Spirit AeroSystems, Belfast, Northern Ireland, U.K.
Purpose-built facility employs resin transfer infusion (RTI) and assembly technology to manufacture today’s composite A220 wings, and prepares for future new programs and production ramp-ups.