Hydrogen 24/7 with Pierre-Etienne Franc, CEO of Hy24

On this episode of EAH, Patrick Molloy, Alicia Eastman, and Chris Jackson learn a bit more about Pierre-Etienne, one of the original founders of Hydrogen Council, Chairman of 5T Hydrogen, and CEO of Hy24 the world’s largest investment platform solely focused on hydrogen. About Pierre-Etienne Franc:Pierre-Etienne spent a quarter century developing Air Liquide's businesses, managing the use, research, and development of hydrogen applications. As the Hydrogen Council’s initiative secretary, Pierre-Etienne and Air Liquide were joined by 12 other founding industry players, advocating for hydrogen to help foster the energy transition.In 2021, Pierre-Etienne stepped away from Air Liquide to start a pure play hydrogen investment fund known as FiveT Hydrogen of which he is the Chairman. FiveT Hydrogen partnered with Ardian of France and launched a clean hydrogen infrastructure investment platform, dubbed Hy24. With Pierre-Etienne at the helm, Hy24 raised Clean H2 Infra, the largest fund worldwide dedicated solely to clean hydrogen infrastructure deployment.About Hy24 and Clean H2 Infra:Boasting over 70 strategic finance and industry limited partners, the Fund offers an ecosystem of opportunity to its various hydrogen portfolio companies. Hy24 has already announced seven investments, some of the most promising entrepreneurial adventures across Europe, Australia, and the Middle East, to support projects which will be among the largest in the world with gigawatts of competitive renewable capacity to decarbonize hard-to-abate established industries. Hy24 is color agnostic, but the hydrogen must qualify under the European taxonomy and Sustainable Finance Disclosure Regulations (SFDR) in a way that it is Article 9 compatible—so whatever process is used needs to reduce emissions by a minimum 70 to 80%.Fun facts:- Unlike Article 8 funds under the EU Sustainable Finance Taxonomy, which need only promote environmental or social characteristics and have good governance practices, Article 9 funds should make a positive impact on society or the environment through sustainable investment and have a non-financial objective at the core of their offering.- The founding 13 members of the Hydrogen Council are Air Liquide, Alstom, Anglo American, BMW Group, Daimler, Engie, Honda, Hyundai, Kawasaki, Shell, Linde, Total and Toyota.- Hy24 recently announced their investment in InterContinental Energy---LinksHy24 Link: www.hy24partners.com

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