BKR - Plug Power Chart Industries Baker Hughes sink cash into hydrogen fund

Plug Power ([[PLUG]] -2.0%) intends to commit €160M, and Chart Industries ([[GTLS]] -0.4%) and Baker Hughes ([[BKR]] -1.3%) each intend to commit €50M, respectively, to become cornerstone investors in the formation of the FiveT Hydrogen Fund.The fund is being branded as a unique new clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects at scale and accelerating the energy transition.This euro-denominated fund, offered only to qualifying and verified investors, has the ambition to raise a total of €1B from both financial and industrial investors.FiveT will exclusively finance projects in the production, storage and distribution of clean hydrogen, and will aim to achieve strong infrastructure returns and deliver true sustainability for a "lasting impact on environment, society and businesses."It will also continue to seek alliances with industrial companies looking to build the hydrogen energy supply chain and form alliances to grow projects at scale.Plug Power shares have taken a

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Plug Power, Chart Industries, Baker Hughes sink cash into hydrogen fund