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).

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...