A Chilean group is working on a $300 million fund to boost the development of green hydrogen as a tool in the transition to cleaner energy. 

Fundación Chile, a public-private non-profit organization focused on sustainable development, is raising money to invest in green-hydrogen projects that are two or three years out from being profitable. The launch is planned for next year, with the goal of investing in 12 to 15 ventures, Chief Executive Officer Marcos Kulka said in an interview.

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