Hy2gen raises 200 million euros

Decarbonizing the transport sector - with this vision, the start-up was able to attract new investors in its latest financing round.

The Wiesbaden-based start-up Hy2gen has received 200 million euros in a recent financing round. Hy24, Mirova, CDPQ and Technip Energies are investing. According to the company, this is the largest private investment in green hydrogen to date. The company intends to use the new capital to build plants that produce hydrogen-based fuels, which can then be used for maritime and land transportation, aviation and industrial applications.

Hy2gen, founded in 2017, is based in Wiesbaden. The start-up sees itself as a pioneer in the field of green hydrogen. The company's aim is to operate plants for the production of green hydrogen and hydrogen-based e-fuels worldwide. The first plants are being built in Germany, France, Norway, Canada and the USA.

"As early as 2021, we were looking for the best possible combination of financial and strategic investors to build production plants for e-fuels. These have the potential to decarbonize entire industries and transport sectors. We are now very pleased that all parties involved have sealed the largest investment in this segment," commented Cyril Dufau-Sansot, CEO of Hy2gen, on the investment.