Global renewable hydrogen producer Hy2gen AG has successfully completed a €47 million funding round from its existing shareholders to accelerate the rollout of its green hydrogen and hydrogen derivatives projects across Europe, Canada, and South America. The round was led by Hy24, the world’s largest low-carbon hydrogen infrastructure fund, alongside Technip Energies and founding investor BenDa, the family fund of Chairwoman Dana Kallasch.
The capital will enable Hy2gen to advance several flagship projects to Final Investment Decision (FID) and initiate construction of industrial-scale facilities producing green hydrogen, ammonia, e-SAF, e-methanol, and e-methane—all critical to decarbonizing sectors like aviation, shipping, chemicals, and fertilizers.
Scaling a Global Portfolio
Hy2gen’s advanced development pipeline represents around 2 GW of installed electrolysis capacity with over €5 billion in required funding. Notable projects include:
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“Courant” (Canada): A €2 billion, 300 MW facility producing renewable ammonia and ammonium nitrate; construction expected by 2027.
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“Iverson” (Norway): A 200,000-ton/year renewable ammonia plant powered by hydropower.
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“Atlantis” (Germany): An operational green hydrogen plant producing since 2023.
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Fos-Marseille (France): A 390 MW e-SAF facility, developed with H2V, aimed at decarbonizing Europe’s aviation sector.
Cyril Dufau-Sansot, CEO of Hy2gen, commented:
“This latest investment validates our progress and strengthens our path to becoming a global leader in renewable hydrogen. We’re ready to finalize the planning and certification of our projects and move into the construction phase.”
Strategic Support for a Sustainable Future
Hy24’s CEO, Pierre-Etienne Franc, praised Hy2gen’s resilience and its ability to build a diversified global project portfolio with strong offtake potential and access to renewable energy.
“Our continued investment reaffirms our confidence in Hy2gen’s mission and execution.”
Technip Energies CEO, Arnaud Pieton, added:
“We are committed to delivering scalable, affordable green hydrogen solutions. Through our joint venture Rely, we will help Hy2gen execute its ambitious roadmap.”
Dana Kallasch, Chairwoman of Hy2gen and founding investor, emphasized:
“This financing milestone furthers our vision for a more sustainable, climate-resilient economy. Hy2gen’s innovation will help drive the global energy transition.”
A Proven Track Record
With four years of operational experience, including its pilot site in Werlte, Germany, Hy2gen has already proven its technology on a smaller scale. The company now looks to scale-up industrially, leveraging investor support and strategic engineering partnerships to lead the green hydrogen revolution.
Hy2gen’s expansion reinforces its position as a top-tier supplier of renewable fuels, and a driving force in the global shift toward clean energy and decarbonized industrial systems.
