Neev II Fund, a climate- and sustainability-focused SME fund, on Monday announced an undisclosed investment in Hygenco Green Energies Pvt Ltd, a green hydrogen developer.
Hygenco aims to deploy over $300 million in green hydrogen projects across India in the next three years, and Neev’s investment will provide the necessary capital to Hygenco for commercialising the early pipeline, Neev II Fund said in a statement.