French container line CMA CGM has been revealed as a new investor in the world’s biggest pure-play hydrogen infrastructure fund.

The Hy24 fund was set up last year in France by clean hydrogen investor FiveT Hydrogen and private investment house Ardian.

The operation has now raised €2bn ($1.94bn) for its hydrogen impact fund, Clean H2 Infra. This exceeded initial expectations, the company said.

Cash will be aimed at scaling proven hydrogen technologies for mature infrastructure assets.