Global renewable hydrogen producer, Hy2gen, has raised €47m ($53.5m) from existing investors to expedite the development of its green hydrogen, e-fuels, and green ammonia projects in Europe, Canada, and South America. The funding round, led by Hy24's Clean Hydrogen Infrastructure Fund, Technip Energies, and BenDa, aims to address challenges such as high production costs and regulatory uncertainties in the sector. The capital injection will propel Hy2gen's advanced projects towards final investment decisions and construction phases. The company's portfolio includes sustainable projects like renewable ammonia, e-methanol, e-methane, and e-SAF projects focusing on hard-to-abate sectors like shipping, aviation, and fertilizers. Notable projects in the pipeline include the 300MW Courant project in Canada for renewable ammonia production, the Atlantis extension in Germany producing renewable hydrogen, and the Iverson project in Norway targeting renewable ammonia production using hydropower. Additionally, Hy2gen is collaborating with H2V on a project in France to produce e-SAF. Cyril Dufau-Sansot, CEO of Hy2gen, expressed that the fresh funding will support planning, certification, and the transition to industrial-scale production. The recent investment builds on Hy2gen's earlier €200m ($228m) capital raise and significantly expands the company's project pipeline with 3.4GW of electrolysis capacity in planning and construction, and a further 15GW in development.