UK local government pension pool to invest €100m in clean hydrogen

The Border to Coast Pensions Partnership has announced a €100m investment in the Clean Hydrogen Infra Fund. Border to Coast is a UK Local Government Pension Scheme (LGPS) pool with 11 partner funds and around £60bn in assets. Its investment in the fund is part of a £1.3bn Climate Opportunities portfolio. “Investment in innovative climate solutions such as clean hydrogen is essential if we are to combat the threat of climate change. We are committed to providing our partner funds with attractive investment opportunities which support global decarbonisation goals,” said Ian Sandiford, head of investments (alternatives) at Border to Coast. The Clean Hydrogen Infra Fund, managed by Hy24, is said to be the world’s first and largest infrastructure fund solely focused on investments across the clean hydrogen value chain, from production and conversion to storage, supply and usage.