Elyse Energy Signs E-fuels Financing Deal With Hy24 And Mirova
Elyse Energy, one of the leading European players in e-fuels, today announces a financing transaction with Hy24 and Mirova to support the development of its e-methanol and sustainable aviation fuels (SAF) projects in France and Spain.
Hy24, and Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable finance, are both investing to accelerate the development of Elyse Energy’s most advanced projects in France and Spain, with industrial commissioning scheduled for 2027 and 2028.
Thanks to its diversified portfolio of projects in development, Elyse Energy will deploy nearly 2.5 GW of installed capacity producing more than one million tonnes of e-methanol and 200,000 tonnes of sustainable aviation fuels1 annually. These “e-fuels” are essential for the decarbonization of aviation and maritime transport, as well as industrial processes in sectors such as chemicals.
As an example, Elyse Energy’s eM-Rhône project, awarded by the European Innovation Fund, is targeting production of 150,000 tonnes of green e-methanol annually for the maritime sector and industry. The BioTJet project, (Pyrénées Atlantiques, France), officially visited by President Emmanuel Macron last June, is another project in advanced stages of development with annual production set at 75,000 tonnes of e-biokerosene and 3,000 tonnes of naphtha2.
President of Elyse Energy, Pascal Pénicaud, said: "E-fuels represent a unique opportunity to combine decarbonization, energy sovereignty and reindustrialisation in France and Europe. As with gas and renewable electricity, the mobilization of private capital will be crucial in financing the creation of this new sector. Hy24 and Mirova are pioneer investors in this sector, and with this financing Elyse is strengthened in its efforts to build a new industry that is essential in order to succeed in the energy transition."
CEO and co-founder of Hy24, Pierre-Etienne Franc, said: "Sustainable fuels are essential for the decarbonization of the maritime and aviation sectors and their deployment cannot be achieved without renewable and low carbon hydrogen. Today, Hy24 is the partner to some of the most advanced hydrogen project developers in France and globally and is helping to build this ecosystem alongside other players committed to the energy transition. Hy24 has partnered with Mirova for the second time to support the development of sustainable fuels through this financing of Elyse Energy. Together we share the ambition to support the most promising entrepreneurs, helping ensure France can become a major platform for the production of low-carbon fuels in Europe.”
Investment Director at Mirova, Anne-Laure Messier, said: "Mirova is very proud to support Elyse Energy in this new phase of its growth. Its ambitions are in line with one of the major objectives pursued through our investment platform in energy transition infrastructure, which aims to support developers in their deployment of clean energies and innovative solutions to decarbonize the transport sector. The e-fuels market addressed by Elyse Energy seems particularly promising to us.”
1 Source: Elyse Energy
2 Source: Elyse Energy
Mirova
Mirova is an affiliate of Natixis Investment Managers.
Portfolio management company - French Public Limited liability company
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
59, Avenue Pierre Mendes France – 75013 – Paris.
https://www.mirova.com/
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
43, Avenue Pierre Mendes France – 75013 – Paris.
https://www.im.natixis.com/
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2023 Natixis Investment Managers S.A. – All rights reserved
Hy24, and Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable finance, are both investing to accelerate the development of Elyse Energy’s most advanced projects in France and Spain, with industrial commissioning scheduled for 2027 and 2028.
Thanks to its diversified portfolio of projects in development, Elyse Energy will deploy nearly 2.5 GW of installed capacity producing more than one million tonnes of e-methanol and 200,000 tonnes of sustainable aviation fuels1 annually. These “e-fuels” are essential for the decarbonization of aviation and maritime transport, as well as industrial processes in sectors such as chemicals.
As an example, Elyse Energy’s eM-Rhône project, awarded by the European Innovation Fund, is targeting production of 150,000 tonnes of green e-methanol annually for the maritime sector and industry. The BioTJet project, (Pyrénées Atlantiques, France), officially visited by President Emmanuel Macron last June, is another project in advanced stages of development with annual production set at 75,000 tonnes of e-biokerosene and 3,000 tonnes of naphtha2.
President of Elyse Energy, Pascal Pénicaud, said: "E-fuels represent a unique opportunity to combine decarbonization, energy sovereignty and reindustrialisation in France and Europe. As with gas and renewable electricity, the mobilization of private capital will be crucial in financing the creation of this new sector. Hy24 and Mirova are pioneer investors in this sector, and with this financing Elyse is strengthened in its efforts to build a new industry that is essential in order to succeed in the energy transition."
CEO and co-founder of Hy24, Pierre-Etienne Franc, said: "Sustainable fuels are essential for the decarbonization of the maritime and aviation sectors and their deployment cannot be achieved without renewable and low carbon hydrogen. Today, Hy24 is the partner to some of the most advanced hydrogen project developers in France and globally and is helping to build this ecosystem alongside other players committed to the energy transition. Hy24 has partnered with Mirova for the second time to support the development of sustainable fuels through this financing of Elyse Energy. Together we share the ambition to support the most promising entrepreneurs, helping ensure France can become a major platform for the production of low-carbon fuels in Europe.”
Investment Director at Mirova, Anne-Laure Messier, said: "Mirova is very proud to support Elyse Energy in this new phase of its growth. Its ambitions are in line with one of the major objectives pursued through our investment platform in energy transition infrastructure, which aims to support developers in their deployment of clean energies and innovative solutions to decarbonize the transport sector. The e-fuels market addressed by Elyse Energy seems particularly promising to us.”
2 Source: Elyse Energy
Mirova
Mirova is an affiliate of Natixis Investment Managers.
Portfolio management company - French Public Limited liability company
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
59, Avenue Pierre Mendes France – 75013 – Paris.
https://www.mirova.com/
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
43, Avenue Pierre Mendes France – 75013 – Paris.
https://www.im.natixis.com/
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2023 Natixis Investment Managers S.A. – All rights reserved