Technip Energies backed the hydrogen fuel producer's newly announced round, as the gas continues to make inroads into the energy transition roadmap.

Hy2gen, a Germany-headquartered producer of green hydrogen-based fuels, raised €200m ($227m) today from investors including energy engineering firm Technip Energies, highlighting the increasing popularity of hydrogen in the new energy mix.

Hy24, a hydrogen investment vehicle formed by private investment firm Ardian and investment manager FiveT Hydrogen, led the round, which also featured Caisse de dépôt et placement du Québec and Mirova.

Founded in 2017, Hy2gen produces hydrogen for environmentally friendly fuels to be used across air, maritime and ground…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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