French private-equity firm Ardian SAS is considering raising as much as EUR2 billion ($3.2 billion) for a fund dedicated to green hydrogen, one of the hottest fuels in the energy transition.

Hydrogen’s popularity is surging. European nations have pledged tens of billions of dollars of subsidies to promote production of the gas with renewable energy — called green hydrogen — rather than fossil fuels, as part of a plan to eliminate emissions by the middle of the century.

While a formal decision hasn’t yet been made, Ardian is considering launching the fund with EUR1–2 billion euros before the end of the year, Mathias Burghardt, head of infrastructure at the Paris-based firm, said in an interview. It would invest in green hydrogen production, its transport and distribution infrastructure such as service stations, and the fuel’s use for mobility.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook