Total, Air Liquide Invest in $1.7 Billion Green Hydrogen Fund

TotalEnergies SE, Air Liquide SA and Vinci SA pledged to contribute 100 million euros ($116 million) each to a fund created by Ardian SAS and FiveT Hydrogen that aims to invest 1.5 billion euros in clean hydrogen infrastructure.

The commitments are the latest sign of the growing interest in the carbon-free fuel. Nations have pledged tens of billions of dollars of subsidies to bring down the cost of producing hydrogen with renewable energy — called green hydrogen — instead of the “grey” variety that’s made with fossil fuels, as part of plans to eliminate emissions.

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