Plug Power, Chart Industries, Inc., and Baker Hughes have announced their intention to become investors in the FiveT Hydrogen Fund. This is a unique new clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects at scale.

Plug Power intends to commit EUR 160 million (US$ 190 million), and Chart Industries and Baker Hughes each intend to commit EUR 50 million respectively (US$ 59.5 million). The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen, focused to achieve strong infrastructure returns and deliver true sustainability for a lasting impact on environment, society, and businesses.