Investment and asset manager KGAL has been commissioned to manage the PtX Development Fund on behalf of German KfW Bankengruppe.
The fund promotes green hydrogen projects in developing and emerging economies.
The PtX Development Fund, financed by the German Federal Ministry for Economic Cooperation and Development (BMZ), will provide financial support for public organisations and private companies to develop the green hydrogen value chain.
It is primarily aimed at developing and emerging economies where the conditions for green hydrogen production are particularly good.
KGAL’s team of experts assess grant applications based on technical, economic and ESG criteria.
Managing director of KGAL Investment Management Michael Ebner (pictured) said: “With the KfW mandate, KGAL is making an important contribution to building the international hydrogen economy.”
KGAL is supported in this project by GOPA intec, a leading consulting partner in the field of energy systems.