In the UK, Hynamics UK, a 100% subsidiary of EDF Group specialising in low-carbon and renewable hydrogen production, and Hy24 have signed a Memorandum of Understanding (MoU) to enter an exclusive partnership to pursue the development and funding of the Fawley Green Hydrogen Project. The Project has been shortlisted in the UK government’s Hydrogen Allocation Round 2 (HAR2) subsidy scheme. Hynamics and Hy24 are aiming to establish a broader partnership in the United Kingdom.
The agreement between Hynamics and Hy24 was formalised on July 8th, during the State visit to the UK of the French President. This Memorandum of Understanding (MoU) marks the beginning of exclusive negotiations with Hy24, through its Clean Hydrogen Infrastructure Fund, to develop and finance a £300 million hydrogen electrolytic production facility in Fawley, located in Hampshire, England. The project aims to supply green hydrogen to the ExxonMobil petrochemical complex as part of its decarbonisation strategy. In addition, Hynamics UK and Hy24 reaffirmed their shared commitment to accelerating the deployment of low-carbon hydrogen across the UK’s industrial sectors. They also expressed their intention to collaborate on a broader range of projects developed by Hynamics UK, aligning with the UK government’s ambitions for clean energy development.
