Hy24’s Post

We could use some positive climate news… here’s some ⬇️ ✅ The Biden Administration has introduced a program allocating $3.46 billion for 58 electric grid projects spanning 44 states. ✅ Northvolt, the Swedish battery manufacturer, has secured $5 billion in funding to support the growth of its battery factory. ✅ Toronto’s ArcTern Ventures announced on Monday that it has secured $335 million in funding for a climate technology fund focused on supporting ✅ Swedish air source heat pump maker, Aira raised €145m last week. Do you have any good news to share? Leave it below 👇 #ClimateTech

Always make me proud to see how a small country like Sweden has the ability to adapt to business transformations on a global scale. From established companies that once transformed industries including Ericsson IKEA, H&M, SKF Group, Sandvik to digital such as Skype, Spotify and Klarna, And now with the sustainable and energy transformation new companies are leading the way with Northvolt and H2 Green Steel I think this comes down to an innovative culture with a global mind set as well as important and strong collaborations between large and smaller businesses, academia and investors with limited hierarchy that a small country can keep transforming industries on a global stage. #businesstransformation #inovation #industryrevolution #gamechangers #sweden

Exciting news from Sweden! Our portfolio company, H2 Green Steel, announced yesterday that it has finalized definitive debt financing agreements, securing €4.2 billion in project financing and increasing the equity raised by an additional €300 million. In total, the company has now secured close to €6.5 billion. This marks a significant milestone for the decarbonization of the #steel industry and for the company, which is currently in the process of establishing the world's first large-scale green steel plant in Northern Sweden, specifically in Boden. The plant is anticipated to commence operations by the end of 2025. Hy24’s infrastructure fund has invested into H2 Green Steel company in September 23, participating as a lead investor in the equity round. Read more: https://lnkd.in/e2Rb6D3K 💬 Pierre-Etienne Franc, CEO of Hy24: « It is a significant investment for Hy24, which is consistent with the fund's ambition to serve at scale the different market verticals that need to decarbonize, and for which #hydrogen is the most promising way forward. For us, this is a remarkable deal that is highly emblematic of the dynamic of entrepreneurs who are helping the move of long-established industries to #netzero pathways. » Press release: https://lnkd.in/d8_XQeE5 Hy24 | Joint Venture | FiveT Hydrogen AG | Ardian

Stockholm’s H2 Green Steel has announced securing over €4.7B in funding to establish the world’s first large-scale green steel plant in Boden, Sweden. The project, totaling €6.5B in funding, includes €4.2B in debt financing from a consortium of 20 lenders, highlighted by BNP Paribas and the European Investment Bank (EIB), €300M in equity from investors, and a €250M grant from the EU Innovation Fund. 𝗥𝗘𝗔𝗗 𝗧𝗛𝗘 𝗗𝗘𝗧𝗔𝗜𝗟𝗦 👉 https://lnkd.in/dfaYy8dQ Otto Gernandt Henrik Henriksson Kajsa Ryttberg-Wallgren Tomas Gille Per Sonesson Erik Brandrup-Wognsen Carl-Erik Lagercrantz Johan M. Reunanen Stephan Flapper Maja Bergström Jenny Stark Molvin Christoph Zinsser Philip Alsén #startups #corporates #industry #steel #greensteel #debtfinancing #finance #funding #investmentnews #fundingnews #venturecapital #privateequity #equityfunding

Did you catch Heliene in the The Wall Street Journal earlier this month? 👀📰 Thank you to Luis Garcia and the WSJ Pro PE team for breaking the news of our recent equity round, led by Transition Equity Partners and OIC. Catch up below! #solarmanufacturing #equityraise #ussolar

Here are some Large Cap companies that are planning to go big in Green Hydrogen Space! Swipe the carousel to know about them! Follow Ali Azar & hit the 🔔 icon! #businessanalysis #investing #stockmarket

Explore our latest monthly newsletter for a summary of significant cleantech transactions in August, totalling over $1.9 billion, involving Órigo Energia, Sila Nanotechnologies, Inc., Electra, MN8 Energy, and EnerVenue. Investors include: I Squared Capital, Augment Infrastructure, TPG ART- Circularis Partners, BLaO – Blue like an Orange Sustainable Capital, MOV Investimentos, Mitsui & Co., Ltd., Sutter Hill Ventures, T. Rowe Price Associates, Inc., Bessemer Venture Partners, Coatue, Perry Creek Capital, PGGM, Bpifrance, Eurazeo, RIVE Private Investment, Groupe SNCF through 574 Invest, Serena, Mercuria Energy Group Holding SA, Ridgewood Infrastructure. This month, we spotlight Moxion Power's MP-75, a battery-powered generator providing a quiet, emission-free alternative to traditional diesel generators. Roughly the size of a small truck, it operates entirely without fuel.   Subscribe to our monthly newsletter to learn about these and future sustainable investments. https://bit.ly/3AZCvlV #sustainableinvestment #EndowCapital #sustainablefinance #innovation #cleantech #finance #startuptech

🌟 Investment news 🌟 Eddy Grid, a new addition to the Rockstart Energy portfolio set to join our program in February, has just secured €1.5 million to accelerate the fight against grid congestion! 🌿🔌 Eddy Grid ensures a steady supply of affordable green energy, contributing to sustainable consumption and indirectly supporting the electrification of mobility and industry. This capital will be used to expedite Eddy Grid's growth. The team plans to expand its offerings, serving customers more broadly and accelerating collaborations, including the Energy Hubs in partnership with Skoon Energy. Leading the funding round were the Graduate Entrepreneur Fund, Herberth Samsom, along with Rockstart’s Energy Fund and Volve Capital. Notable angel investors include Jan Saan of CM.com, Thijs Verheul and Sjuul Berden of United Wardrobe (acquired by Vinted 2020), and Bastiaan van de Rakt of WhyCommitCapital. 💬 Max ter Horst, Managing Partner for Rockstart Energy, shared his excitement about the round: “[Eddy Grid’s] energy management and storage solutions address the urgent pain of grid capacity limitations for C&I customers, which is reflected in their strong traction so far. We look forward to supporting Eddy Grid in expanding their business and impact on the energy transition.” 🎉 Cheers to Eddy Grid from all of us at Rockstart! Excited to see you in the Energy accelerator program starting February! 🚀 🔗 Learn more: https://brnw.ch/21wGh7N

Hy24 becomes majority shareholder in HysetCo following €200m financing closure. By Edward Laity HysetCo has secured a financing round of almost €200m ($217m) to accelerate the decarbonisation of urban transport. Hy24 led the financing round and will now join Air Liquide, TotalEnergies, Toyota France and Kouros as a majority shareholder of HysetCo. The financing was also backed by RAISE Impact and Eiffel Investment Group. HysetCo is advancing its mobility as a service (MaaS) offering, allowing customers to have a single, integrated supplier and “facilitate a system-wide transition to hydrogen.” By 2025, the company expects to deploy a dozen new hydrogen stations to build upon the four it is currently operating in the Paris region. The confirmation of financing for HysetCo via the Clean Hydrogen Infrastructure Fund has allowed Hy24 to align with its aim to invest in large-scale strategic projects and technologies. https://lnkd.in/d3Nx89uV

The key priorities are: 1) Accelerate site readiness in harmony with the investor readiness programme; 2) Secure confirmation of funding for bulk infrastructure; 3) Establish the Hydrogen Valley Innovation Hub in collaboration with private sector partners; and 4) Secure funding for top structures from the SEZ Fund (Department of Trade, Industry, and Competition) #VaalSEZ #keypriorities #SEZfund #innovation