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H2 Mobility raises $121 million from investors to build hydrogen infrastructure


Clean Energy

H2 Mobility raises $121 million from investors to build hydrogen infrastructure

Germany-based H2 Mobility fuelling station network announced it would receive an additional 110 million euros ($121 million) over the next five years to build more infrastructure for hydrogen fuel cell-powered vehicles.

Of the total investment, hydrogen investment platform Hy24 will invest 70 million euros via the Clean H2 Infra   Fund, which it currently manages, and H2 Mobility’s seven other existing shareholders, including Air Liquide, Linde, Daimler Truck, Hyundai Motor Co, OMV, Total, and Shell, will collectively invest 40 million euros.

As the production of green hydrogen takes center stage in Europe, critical players in the energy sector are rising to the challenge. Last week, Germany’s renewable energy platform, Sunfire, raised 195 million euros ($215.22 million) in the race towards a net carbon-zero world. Green hydrogen is in the spotlight in Europe as environment ministers of the European Union want heavy-duty vehicle CO2 emissions cut by a third by 2030 from their levels in 2019.

The funding will help to upgrade the existing fuel station network and construct new hydrogen stations to meet the increasing demand for transportation and commercial use. Over 200 filling stations will be expanded to large-scale facilities to meet the demand for emission-free long-distance and heavy-duty transport in Europe.


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