Elyse Energy, a French sustainable fuels producer, has successfully secured €120 million to expedite its e-methanol and sustainable aviation fuel projects in France and Spain. This funding will pave the way for Elyse to advance its projects to final investment decisions and expand its portfolio, aiming to replace fossil fuels that emit 700,000 tons of CO2 annually. The company's President and Co-founder, Pascal Pénicaud, expressed pride in contributing to the European e-fuels industry amidst the accelerating energy transition. The investment round involved returning investors like Hy24 and Mirova, along with new investors such as PGGM and Bpifrance, underscoring the industry's demand for sustainable solutions. Hy24's acquisition of a stake in Elyse signifies a strategic move towards supporting advanced hydrogen projects crucial for decarbonizing maritime and aviation sectors. Pierre-Etienne Franc of Hy24 emphasized the significance of low-carbon hydrogen in achieving energy sovereignty and positioning France as a key player in the European energy landscape. The collaboration between Elyse Energy and its investors highlights the collective commitment to driving sustainable energy initiatives and advancing the transition to greener fuels in vital sectors.