Baker Hughes Co. is helping to front a hydrogen infrastructure fund as a cornerstone investor with Chart Industries Inc. and Plug Power Inc.

Emissions Reductions

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 collaboration and investment, and new energy frontiers like hydrogen will progress faster when key players come together,” said Baker Hughes CEO Lorenzo Simonelli.

“The FiveT Hydrogen Fund will combine the financial strength as well as the strategic and technical...