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GenCell Energy receives $14.3m investment; BNP Paribas supports a global hydrogen economy

GenCell Energy receives $14.3m investment; BNP Paribas supports a global hydrogen economy

Banking group BNP Paribas has cemented its support for a global hydrogen economy by leading an investment worth approximately $14.3m in GenCell Energy.

Made through BNP Paribas’ investment arm BNP Paribas Energy Transition Fund, together with TDK Ventures and additional investors, the effort will help GenCell continue to extend the momentum towards its company objectives.

Read more: Climate Action Summit 2019: A race we can win. A race we must win

BNP Paribas Energy Transition Fund, an alternative arm of BNP Paribas, manages assets in the volume of €6bn, with a major focus on the green energy sector. BNP Paribas has invested hundreds of millions of dollars in companies such as Ballard Power Systems

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