KGAL and EIT InnoEnergy establish strategic cooperation in green hydrogen sector

Grünwald, 14/12/2022 – Together, real asset manager KGAL and EIT InnoEnergy will invest in European hydrogen projects and drive their development.

With around 180 portfolio companies, EIT InnoEnergy, supported by the EU’s European Institute of Innovation and Technology (EIT), is one of the world’s largest investors in innovation to accelerate the transition to a net zero economy. KGAL brings 20 years of experience in renewable energy asset management and investor capital to the partnership.

The key role of green hydrogen in achieving climate targets is becoming increasingly evident -– more than 350 hydrogen projects have been announced in Europe alone. According to Roland Berger, the electrolysis capacities to produce this versatile molecule will increase sevenfold by 2025. This means that green hydrogen is also gaining immense importance for KGAL, the pioneer in renewable energy investments for institutional investors.

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