(Berlin) - The operator of hydrogen filling stations H2 Mobility Deutschland GmbH & Co.KG has raised 110 million euros in a financing round. Hy24 is contributing 2 million euros through its “Clean H70 Infra Fund”. The previous shareholders Air Liquide, Daimler Truck, Hyundai, Linde, OMV, Shell and Total Energies have jointly raised 40 million euros.
300 hydrogen filling stations planned
According to H2 Mobility, it operates over 90 hydrogen filling stations in Germany. The fresh funding would be used to upgrade the existing gas station network and build new stations. By 2030, the network is expected to grow to 300 stations, and 200 gas stations will be expanded into large-scale facilities for heavy-duty and long-distance transport. The company is concentrating on “several highly frequented traffic corridors” but did not provide any details. As is usual with such transactions, the transaction is subject to review by the control authorities.
Funds with financially strong investors
The “Clean H2 Infra Fund” is based on initiatives by Air Liquide, Totale Energies and Vinci Concessions as well as Plug Power, Chart Industries and Baker Hughes. The fund is managed by Hy24, a joint venture between the investment house Ardian and the clean hydrogen investment platform FiveT Hydrogen. The fund is aiming for a volume of 1,5 billion euros; it is currently worth one billion euros.
Industrial anchor partners such as Lotte Chemical, the gas network operators Snam, Enagás and GRTgaz, as well as investors such as Axa, CCR and JBIC, as well as Groupe ADP, Ballard, EDF and Schaeffler also participate in the fund.
deep link
https://h2-mobility.de
Photos
H2 Mobility wants to promote the expansion of the gas station network in Germany. © H2 Mobility
