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About
Hy24 is a joint venture between Ardian, Europe's largest private investment house
with managed assets of c. $114 billion, and FiveT Hydrogen, the 360° financial
partner exclusively to the clean-hydrogen industry. Hy24 combines Ardian's premier
infrastructure fund management record with FiveT's unparalleled hydrogen expertise
and network. It will scale up the global hydrogen economy through first-mover
investment opportunities perfectly aligned with the universal ESG agenda.
Hy24's first impact fund closed at €2 billion of allocations on 10'th October 2022,
exceeding its initial ambitions. This makes it the world's first and largest infrastructure
fund to invest exclusively in the entire clean hydrogen value chain.
The Fund's creation has been supported by the founding anchor investors Air
Liquide, VINCI Concessions, TotalEnergies, Plug Power, Chart Industries and Baker
Hughes.
It has then attracted more than 50 prominent investors from 13 countries in the
Americas, Europe and Asia, including major industrial companies, corporations,
banks, pension funds and insurance companies – industrial anchor investors,
including LOTTE Chemical, Airbus, and Snam, Enagás, GRTgaz (together as one
anchor partner), and the financial anchor investors AXA, Crédit Agricole Assurances,
CCR, Allianz, CDPQ and JBIC – as well as other key investors, including Ballard,
Schaeffler, Groupe ADP, EDF, Caisse des dépôts, DBJ and Itochu.
Shearman & Sterling is a global law firm with over 850 lawyers around the world
speaking more than 75 languages and practising U.S., English, EU, French, German,
Hong Kong, Dubai International Financial Centre and Abu Dhabi Global Market law.
We work closely with affiliated partnerships in Italy and Saudi Arabia with local law
capabilities in those jurisdictions. We are experts at combining legal knowledge with
industry expertise to provide commercial advice that helps our clients achieve their
ambitions.
Our dedicated Energy Innovation Team (which includes our Global Hydrogen
Industry Team) has an unparalleled depth of experience advising on hydrogen,
carbon capture, usage and sequestration (CCUS), energy storage and green
industry transactions and regulation globally. We provide services across all sectors
including antitrust, capital markets, disputes, intellectual property, M&A, project
development and financing and more. Further information about our team and
recent perspectives can be found on our Energy Innovation Hub
(https://energyinnovation.shearman.com).
