Germany-based Hy2gen, a renewable hydrogen producer, has successfully completed a funding round of €47 million from its existing shareholders to drive the development of its hydrogen and derivatives projects. The investment was spearheaded by Hy24, a French low-carbon hydrogen asset manager, in collaboration with Technip Energies and individual investor BenDa, the family fund of Hy2gen's Chairwoman Dana Kallasch. The raised capital will be utilized to expedite the deployment of Hy2gen's projects that focus on producing renewable hydrogen and its derivatives, spanning regions in Europe, Canada, and South America. This significant funding infusion is expected to fuel the advancement of clean hydrogen initiatives and further solidify Hy2gen's position in the renewable energy sector.