Hy2gen’s current project pipeline comprises an electrolysis capacity of 3.4 GW in planning and construction, and a further 15 GW of electrolysis capacity in development. Hy2gen Canada Inc. a wholly owned affiliate of Hy2gen AG, is developing Courant, a decarbonized ammonium nitrate project, in Baie-Comeau, Quebec. It is integral to Hy2gen’s growth. In 2022, Hy2gen AG raised €200 million and a further € 47 million in 2025 from renowned investors to develop its project portfolio.