We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

KGAL and EIT InnoEnergy team up to invest in European hydrogen projects


KGAL and EIT InnoEnergy team up to invest in European hydrogen projects

Real assets fund manager KGAL and EU-backed EIT InnoEnergy are teaming up to invest in European hydrogen projects. - RealAssets

KGAL, which has been investing in renewable energy for some 20 years, will invest in selected EIT InnoEnergy hydrogen projects that have already progressed beyond the early stage.

An important factor for investment success is access to promising projects, which is why this cooperation is so valuable for us. With its more than 1,200 partners from industry, politics, finance, research and education, EIT InnoEnergy maintains one of the largest and most relevant ‘ecosystems’ for climate technologies worldwide. We are also impressed by the high success rate of investments from our partner’s portfolio.

Michael Ebner, managing director of sustainable infrastructure at KGAL Investment Management

It will also provide fresh capital and expertise in greenfield investments and work with EIT InnoEnergy to develop projects to the point of commercial operation.

EIT InnoEnergy, supported by the EU’s European Institute of Innovation and Technology (EIT), invests in innovation to accelerate the transition to a net-zero economy and has around 180 portfolio companies.

KGAL has many years of project experience and has demonstrated time and again that it can bring developments to completion as planned. What is more, KGAL’s Energy Transition team, led by Thomas Engelmann, is made up of proven hydrogen experts. Our strengths in bringing breakthrough climate technologies to the market perfectly complement KGAL’s strengths in the later stages of the life cycle.

Christian Müller, member of the EIT InnoEnergy management board and CEO for the DACH region

Relevant news

Galp Unveils EUR650 Mln Investments in Biofuels, Hydrogen Facilities
Galp has taken the final investment decision for the Sines refinery, which is expected to start operation in 2025.
Hydrogen-powered Toyota Hilux unveiled with 365-mile range
Toyota has reached another milestone in its progress towards a zero carbon future with the unveiling of a prototype hydrogen fuel cell electric Hilux.
EU Commission adopts detailed reporting rules for the Carbon Border Adjustment Mechanism’s transitional phase
European Commission adopted the rules governing the implementation of the Carbon Border Adjustment Mechanism.
SSE’s hydrogen projects get UK Government’s green light
UK Government select two green hydrogen projects from SSE.
ADNOC builds high-speed hydrogen refuelling station
ADNOC has begun construction on the first high-speed hydrogen refuelling station.
UAE's revised energy strategy includes big hydrogen plans
The UAE aims to produce 1.4 million tonnes of hydrogen annually by 2031.