Hy24
Acronym: Hy24
General Information
Identification Code: 206603551117-18
Website: [object Object]
Entity Form: société par actions simplifiée
Registration Category: Companies & groups
Registration Date: 9/6/2023
Last Update: 3/6/2024
EP Accredited Number: 0
Mission & Interests
Goals: Hy24 is convinced of the potential of hydrogen as a low-carbon energy carrier, and is financing large-scale projects that have a sustainable impact on the economy and society and offer the greatest returns.
To reach Net Zero by 2050, the world needs power from molecules as well as electrons. Renewables will provide the electrons and produce hydrogen. Hydrogen is the clean energy vector that will substitute for carbon rich energy uses in hard to abate sectors. It is the ideal energy feedstock for industrial processes, heavy and intensive mobility powering, and the perfect vector to move energy from its production source through space and time.
Through its impact fund, ‘the Clean H2 Infra Fund’, Hy24 is providing financial capital to fund credible, large-scale clean hydrogen infrastructure projects world-wide. Hy24 drives the essential scale-up of the hydrogen economy through our selective support of both supply- and demand-generative projects.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
- Banking and financial services
- Business and industry
- Competition
- Economy, finance and the euro
- Energy
- Environment
- Research and innovation
- Taxation
- Trans-European Networks
Levels of Interest:
- european
- global
Activities
Main EU Legislative Proposals: In line with its ambition to support the EU's decarbonisation agenda and the achievement of the Paris Agreement goals worldwide, Hy24 supports strong policies driving the production and use of clean and renewable energy, in particular renewable and low-carbon Hydrogen. As such, it has an interest in the EU Green Deal, the Renewable Energy Directive, the Alternative Fuels Infrastructure Regulation, the Emission Trading System and Carbon Border Adjustment Mechanism, the ReFuelEU Aviation and FuelsEU Maritime, the Energy Tax Directive, the EU Taxonomy for Sustainable Finance, support mechanisms for hydrogen production and other policies that help drive decarbonisation and the uptake of clean hydrogen
Communication Activities: Hy24 has published a report on the pros and cons of hydrogen support mechanisms for hydrogen production. It is publicly available on our website: https://www.hy24partners.com/report-incentivising-investment-in-european-renewable-hydrogen-production/
Inter-institutional or Unofficial Groupings: N/A
Head Office
Address: 11 Rue Scribe
Post Code: 75009
City: Paris
Country: FRANCE
Phone: [object Object]
EU Office
Address: 11 Rue Scribe
Post Code: 75009
City: Paris
Country: FRANCE
Phone: [object Object]
Financial Data
New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
Complementary Information: Arcturus has been hired in 2022 to support Hy24 in its attempt to build a European coalition of Member States ready to implement the requirements of the Alternative Fuels Infrastructure Regulation in the matter of Hydrogen Refueling Stations
Membership Information
Members10 Percent: 2
Members25 Percent: 0
Members50 Percent: 0
Members75 Percent: 0
Members: 2
Members F T E: 0.20000000298023224
Info Members: The EU policy work of Hy24 is mostly concerned with understanding the regulations in place, however, a small percentage of time (less than 10%) may be dedicated to further promoting policy positions in line with our ambition of funding sustainable hydrogen projects around the world.
Structure
Structure Type: Structure
Is Member Of: See above.
Organisation Members: Hy24's parent companies (Ardian and Five T Hydrogen are members of Hydrogen Europe (https://hydrogeneurope.eu/) and the Hydrogen Council (https://hydrogencouncil.com/en/)
Hy24 is also a signatory of the UN Principles of Responsible Investment (UN PRI) (https://www.unpri.org/)