image credit: Freepik

TotalEnergies and partners launch $1.7bn clean hydrogen fund

The aim is to help speed up the growth of the clean hydrogen market by investing in projects across the hydrogen value chain. The fund has a target to reach €1.5 billion ($1.7 billion) with initial commitments by participating companies having reached €800 million ($924.7 million).

The fund will support projects within the renewable energy and low-carbon hydrogen generation, storage, and transportation sectors in the Americas, Asia, and Europe as a partner or finance provider.

Read More on Power Engineering SmartGrid