Border to Coast supports global net zero goals with € 100m investment into clean hydrogen fund

18 October 2022

Following the launch of its Climate Opportunities portfolio, Border to Coast Pensions Partnership (Border to Coast) today announces a €100m commitment to the Clean Hydrogen Infra Fund (the Fund) as it proactively seeks to build a portfolio of investment opportunities that support global decarbonisation on behalf of its Partner Funds.

The Fund invests exclusively in clean hydrogen and is focused on building proven technologies into mature infrastructure that can play a major role in decarbonising the global economy. It is the world’s first and largest infrastructure fund solely focused on investments across the clean hydrogen value chain, from production and conversion, to storage, supply, and usage.

Ian Sandiford, Head of Investments (Alternatives), Border to Coast:

“Investment in innovative climate solutions such as clean hydrogen is essential if we are to combat the threat of climate change. We are committed to providing our Partner Funds with attractive investment opportunities which support global decarbonisation goals. With the strength of our collective scale as a pool, I’m pleased we are well equipped to support these significant long-term investment opportunities and build strong partnerships with specialist managers such as Hy24.”

Hy24’s Clean H2 Infra Fund received a total of €2bn in commitments from both industrial and institutional investors and is the result of a joint venture between FiveT Hydrogen, a clean hydrogen investment partner, and Ardian, a private investment house.

Laurent Fayollas, Deputy Head at Ardian Infrastructure and President of Hy24, added: “We are delighted to have Border to Coast Pension Partnerships joining the Fund as new strategic investor for the deployment of clean hydrogen essential infrastructures. They are joining an impressive group of industrial and institutional companies committed to significantly move the hydrogen agenda forward. The United Kingdom is one of the most dynamic countries in Europe with an ambitious hydrogen roadmap for reaching net zero by 2050. In that context we are committed to take part in the scaling up of the hydrogen economy.”

The climate crisis and geopolitical turmoil in energy markets requires an accelerated development of hydrogen to enable the decarbonisation of heavy and intensive mobility and energy intensive industries, Hy24 has said. It is estimated that clean hydrogen solutions could represent up to 20% of the final energy demand within the 2050 net-zero agenda.

For more information on Hy24 click here. 

Source: Border to coast