Elyse Energy signs e-fuels financing deal with Hy24 and Mirova

Hy24, managing the world’s largest clean hydrogen infrastructure fund, and Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable finance, are both investing to accelerate the development of Elyse Energy’s most advanced projects in France and Spain, with industrial commissioning scheduled for 2027 and 2028.

Elyse Energy will deploy nearly 2.5 GW of installed capacity producing more than 1 million tpy of e-methanol and 200 000 tpy of SAF annually. These e-fuels are essential for the decarbonisation of aviation and maritime transport, as well as industrial processes in sectors such as chemicals.

President of Elyse Energy, Pascal Pénicaud, said: “E-fuels represent a unique opportunity to combine decarbonisation, energy sovereignty and reindustrialisation in France and Europe. As with gas and renewable electricity, the mobilisation of private capital will be crucial in financing the creation of this new sector. Hy24 and Mirova are pioneer investors in this sector, and with this financing Elyse is strengthened in its efforts to build a new industry that is essential in order to succeed in the energy transition.”

CEO and co-founder of Hy24, Pierre-Etienne Franc, said: “Sustainable fuels are essential for the decarbonisation of the maritime and aviation sectors and their deployment cannot be achieved without renewable and low-carbon hydrogen. Today, Hy24 is the partner to some of the most advanced hydrogen project developers in France and globally and is helping to build this ecosystem alongside other players committed to the energy transition."

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/22092023/elyse-energy-signs-e-fuels-financing-deal-with-hy24-and-mirova/