Airbus has announced its investment in what it claims is the world’s largest clean hydrogen infrastructure fund.
The fund is managed by Hy24, a joint venture between private investment house Ardian and investment manager FiveT Hydrogen, will provide financial capital to back large-scale green hydrogen infrastructure projects globally.
Launched in 2021, it has a goal of raising €1.5 billion (£1.26bn) to support the development of hydrogen projects and players in the market.
Airbus says its involvement in the fund assures its commitment to scaling the hydrogen economy, in addition to complementing its plans to bring a zero-emission commercial aircraft into service by 2035.
Karine Guenan, VP ZEROe Ecosystem, Airbus said: “Since 2020, Airbus has partnered with numerous airlines, airports, energy providers and industry partners to develop a stepped approach to global hydrogen availability.
“Joining a fund of this magnitude demonstrates Airbus’ continuously active role in infrastructure investments for the production, storage and distribution of clean hydrogen worldwide.”