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Chart, Plug Power, Baker Hughes back Pierre-Etienne Franc’s FiveT Hydrogen Fund

Chart, Plug Power, Baker Hughes back Pierre-Etienne Franc’s FiveT Hydrogen Fund

Chart Industries, Plug Power and Baker Hughes want to become cornerstone investors in Pierre-Etienne Franc’s FiveT Hydrogen Fund, a new unique clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects at scale.

H2 View announced in February that Franc was to leave his vice-president of hydrogen energy world business line role at Air Liquide to pursue a new fund to finance infrastructure projects to foster the development of decarbonated hydrogen.

Read more: Pierre-Etienne Franc to leave Air Liquide and set up hydrogen fund

Chart, Plug Power and Baker Hughes announced on Monday (5th April) their intention to become cornerstone investors, investing a combined total of €260m ($306.7m) initially, with Plug Power committing €160m ($200m) whilst Chart Industries and Baker Hughes will both contribute €50m ($60m).

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