Enagas, Snam and Grt invest 100 million in green hydrogen
Enagás (Spain), Snam (Italy) and Grtgaz (France) have decided to explore opportunities for collaboration in the hydrogen sector, which will be crucial in the energy transition and have signed an agreement to launch joint investment initiatives aimed at boosting the clean hydrogen market.
This new initiative underlines the crucial role that European gas Tsos can play in the development of the European hydrogen ecosystem, sharing their experiences in the management of strategic infrastructures. As a first joint action, Enagás, Snam and Grtgaz will each invest € 33 million in the Clean H2 Infra Fund, with an anchor role, for a total of approximately € 100 million. Clean H2 Infra Fund is an impact fund managed by Hy24, a joint venture between Ardian and Fivet Hydrogen, which aims to support the development of clean hydrogen infrastructure with a budget of 1,500-1,800
million euros, in partnership with industrial and financial investors. It is the largest global investment platform in clean hydrogen infrastructure. Hy24 combines Ardian’s experience in infrastructure management and asset management and Fivet’s know-how in the hydrogen value chain, along with the role and experience of the three Tsos in energy grid management and hydrogen technologies.
By investing in the Clean H2 Infra Fund, the three companies aim to promote the clean hydrogen industry with a positive impact on the use and development of transmission networks.