In France, Elyse Energy announced a financing transaction with Hy24 and Mirova to support the development of its e-methanol and sustainable aviation fuels projects in France and Spain.
Hy24, managing a 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, the firm said.
Elyse Energy will deploy nearly 2.5 GW of installed capacity producing more than one million tons of e-methanol and 200,000 tons of sustainable aviation fuels annually.
Pascal Pénicaud, president of Elyse Energy, said: “E-fuels represent a unique opportunity to combine decarbonization, energy sovereignty and reindustrialization in France and Europe. As with gas and renewable electricity, the mobilization 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.”
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