Responsive Image Banner

Vinci and partners launch huge hydrogen initiative

Premium Content

French construction giant to help grow €1.5bn fund for clean hydrogen infrastructure solutions

Construction and concessions giant Vinci, along with two other Paris-headquartered companies – gas technology firm Air Liquide and energy firm TotalEnergies – has launched a huge investment fund, dedicated to the development of clean hydrogen infrastructure solutions.

With major businesses in Europe, the Americas and Asia participating, the alliance says it plans to build a fund totalling €1.5 billion, which will be invested across the value chain of renewable and low carbon hydrogen.

Companies named by Vinci as either on board or soon to be include Plug Power, Chart Industries, Baker Hughes, Lotte Chemical, Axa, Groupe ADP, Ballard, EDF, and Schaeffler.

Leadership in energy transition

Vinci reports that €800 million has already been raised. With the fund managed by Hy241, a joint-venture partnership between Ardian and FiveT Hydrogen, the group will soon move to the selection of hydrogen projects in which to invest.

The company said it expects the fund to contribute to projects with a total value of approximately €15 billion.

Vinci’s chairman and CEO, Xavier Huillard, said, “Vinci is taking concrete action to support the development of clean energy by mobilising all its divisions in concessions, construction and energy, with the aim of actively combating climate change and decarbonising mobility in particular.

“By launching this investment fund today, hand in hand with other major industrial leaders, we keep moving forward to make green hydrogen a strong lever in achieving our objectives.”

Benoît Potier, chairman and CEO of Air Liquide, said, “Hydrogen has become a central element of the energy transition. The time to act is now, not only as companies on a stand-alone basis, but by joining forces with states, other industrial groups and the financial community.”

Patrick Pouyanné, chairman and CEO of TotalEnergies, said, “We are convinced that a collective effort is needed to kick-start the hydrogen sector and take it to scale. We are...proud to launch and invest in the clean hydrogen infrastructure fund, which will also give us privileged insights in the sector”.

Power Progress Networking Forum

The Tariff Report Everyone Will Want...
Early Access For Attendees.

All Power Progress Networking Forum attendees will receive early access to the updated digital report by Off-Highway Research, 'The Impact of U.S. Tariffs on the Construction Equipment Industry.'

Register your interest
POWER SOURCING GUIDE

The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now

STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Latest News
Vermeer field validation of electric tree care equipment
Lineup being made available as part of global field validation program
Volvo, Mack celebrate decades of remanufacturing
Volvo Group began remanufacturing program in 1945, with Mack Trucks joining in 1975
VIDEO: Caterpillar G3520K Gas Gen-set Targets Evolving Energy Needs
New model comes in three configurations with enhanced transiet response, fuel flexibility and more
CONNECT WITH THE TEAM
Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: becky.schultz@khl.com
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: julian.buckley@khl.com
Chad Elmore Managing Editor E-mail: chad.elmore@khl.com
Tony Radke Vice President of Sales Tel: +1 602 721 6049 E-mail: tony.radke@khl.com
CONNECT WITH SOCIAL MEDIA