

The company is planning to build plants in countries such as France, Norway, Canada, Germany, and the US, to produce green hydrogen-based fuels for aviation, shipping, land transport and industrial applications.Īir Liquide-backed hydrogen fund plans $2bn six-year international cash splashĦ) German electrolyser manufacturer Sunfire raised $223m in June 2022 from Danish offshore wind-focused renewables investor Copenhagen Infrastructure Partners (CIP), Swiss environmental and social impact investor BlueEarth Capital and New York-based Carbon Direct Capital Management. HIF produced its first litres of synthetic fuel in December 2022 and is aiming to produce methanol, carbon-neutral gasoline and carbon-neutral liquefied gas.ĥ) Hy2gen, a German green hydrogen developer, raised $227m in February 2022 in an investment by Hy24, a pure-play hydrogen investment company, Technip, and others, which at the time, was called the world’s largest private investment in green hydrogen. Monolith also received a $1bn loan guarantee from the US Department of Energy in January 2022.Ĥ) The Chilean company Highly Innovative Fuels (HIF) - a partnership between Enel Chile and local energy companies AME and ENAP - raised $260m from Baker Hughes, Porsche and others in April 2022, for the production of green hydrogen and derivatives in southern Chile. Monolith is considered the current market leader in turquoise hydrogen, which is created by burning natural gas in the absence of air, producing solid carbon as a by-product, rather than carbon dioxide. Billionaire Forrest invests €130m in gas terminal in bid to export green hydrogen to Germany from 2026ģ) Nebraska-based Monolith, a turquoise hydrogen developer, raised $300m in July 2022 from BlackRock, one of the world’s biggest investments companies, together with Singapore’s sovereign wealth fund Temasek, US investment company TPG Rise, and Mitsubishi and Azimuth, among others.
