BBVA joins Hy24’s hydrogen fund

BBVA has joined Hy24’s two billion euro hydrogen-focused fund.

Several other financial institutions have joined the Spanish firm, including Nuveen, Erafp, Groupama, Société Générale, and Norinchukin. The French maritime giant CMA CGM Group is now in the final stages of fundraising as an industrial investor.

Baker Hughes, Vinci, Air Liquide, TotalEnergies, Airbus, Enagás, Axa, EDF, and Crédti Agricole are just a few of the more than fifty investors in the Clean H2 Infra Fund.

A capital gain of 50 million Euros was realized by the Spanish company Enagás Renovable due to Hy24’s purchase of a 30% stake in the company prior to the summer.