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…

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