Baker Hughes, Chart Join Plug Power as Cornerstone Investors in Hydrogen Fund
Baker Hughes, Chart Join Plug Power as Cornerstone Investors in Hydrogen Fund Baker Hughes Co. is helping to front a hydrogen infrastructure fund as a cornerstone investor with Chart Industries Inc. and Plug Power Inc. Fuel cell manufacturer Plug Power intends to commit $200 million to the FiveT Hydrogen Fund, with infrastructure giants Chart and Baker Hughes each committing $60 million to sponsoring the fund. The Euro-denominated fund aims to raise close to $1.4 billion from the financial and industrial investors. “To drive the energy transition forward requires innovative models for colla...
Source: naturalgasintel.com