# Hy24

> Hy24 is a VC fund in Paris backing Renewable Energy and Energy. See 16 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Paris, France
- Total investments: 16
- Last investment: Apr 2026
- Lead investor: 69%
- Fund size: $2.1B
- Last fund: Oct 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/hy24/
- Website: https://www.hy24partners.com/

Hy24 is an investment platform focused on clean hydrogen infrastructure, designed to invest in projects that are critical to global decarbonization. The platform will support large early stage and strategic projects into becoming essential energy infrastructures.

## Contacts

5 contacts available for Hy24. Shizune tracks 1 team members at Hy24. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/hy24?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Renewable Energy | 7 | 44% |
| Energy | 5 | 31% |
| Manufacturing | 3 | 19% |
| Environmental Consulting | 2 | 13% |
| Mining | 1 | 6% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 3 | 19% |
| Series B | 2 | 13% |
| Funding Round | 2 | 13% |
| Series A | 1 | 6% |
| Post-IPO Debt | 1 | 6% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Spain | 2 | 13% |
| France | 2 | 13% |
| Germany | 2 | 13% |
| Canada | 1 | 6% |
| Norway | 1 | 6% |

8 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Pierre-Etienne Franc | CEO | 10 | https://shizune.co/investors/profile/pierre-etienne-franc |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Atome Energy | Atome Energy is the green hydrogen and ammonia project development company to create a greener, cleaner environment. | $245M | Post-IPO Equity | Apr 23, 2026 |  |
| Enagás Renovable | Enagás Renovable promotes the development of renewable gases to achieve a carbon-neutral economy. | $56.5M | Secondary Market | Apr 21, 2026 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $1.6B | Private Equity | Apr 12, 2026 |  |
| Hy2gen | HY2GEN AG develops, finances, builds and operates plants for the production of green hydrogen and hydrogen-based e-fuels worldwide. Hy2gen produces green hydrogen and green e-fuels for mobility, agriculture, and industry. | $53.5M | Private Equity | Apr 29, 2025 |  |
| Stormfisher Biogas | Renewable energy company that builds, owns and operates biogas plants across North America. Works with the food processing and agricultural industries, processes organic by-products and converts them into natural gas and electricity. | $50M | Private Equity | Feb 11, 2025 |  |
| H2SITE | Systems and Membranes for high efficiency and purity Hydrogen production i.e. for Separation or Ammonia cracking | $37.1M | Series B | Jan 16, 2025 |  |
| Elyse Energy | Elyse Energy is a Chemical-Manufacturing company. | $127M |  | Dec 05, 2024 |  |
| HysetCo | HysetCo is a pioneering hydrogen mobility start-up that helps its clients shift to zero-emission transportation. It has created an integrated mobility solution to aid in the system-wide transition to hydrogen. In addition to offering easy access to its network of hydrogen distribution stations, it provides customers with a complete turnkey solutionthat includes all vehicle-related services, from procurement to maintenance, repair, insurance, and training. | $214.8M | Series A | Apr 10, 2024 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $329.1M |  | Jan 22, 2024 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $326.4M | Private Equity | Jan 22, 2024 |  |

10 of 16 investments shown.

## Co-investors
- [Altor](https://shizune.co/investors/profile/altor-equity-partners) — VC Fund, 5 deals together
- [GIC](https://shizune.co/investors/profile/gic) — VC Fund, 5 deals together
- [Just Climate](https://shizune.co/investors/profile/just-climate) — VC Fund, 5 deals together
- [Temasek](https://shizune.co/investors/profile/temasek) — VC Fund, 5 deals together
- [IMAS Foundation](https://shizune.co/investors/profile/imas-foundation) — VC Fund, 3 deals together
- [Air Liquide](https://shizune.co/investors/profile/air-liquide) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Foresight Group](https://shizune.co/investors/profile/foresight-group) — VC Fund
- [YFM Equity Partners](https://shizune.co/investors/profile/yfm-equity-partners) — VC Fund
- [Fondaction](https://shizune.co/investors/profile/fondaction) — VC Fund

## FAQ

### What does Hy24 invest in?

Hy24 invests primarily in Renewable Energy, Energy and Manufacturing startups, most often at Private Equity and Series B stage. Most of the 16 investments tracked by Shizune back companies in Spain. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Hy24?

Public channels for Hy24 include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Hy24?

The team at Hy24 includes Pierre-Etienne Franc (CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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