Hynamics UK, a 100% subsidiary of EDF Group specialising in low-carbon and renewable hydrogen production, and Hy24, a leading low-carbon hydrogen asset manager, 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 government’s Hydrogen Allocation Round 2 (HAR2) subsidy scheme. Hynamics and Hy24 are aiming to establish a broader partnership in the UK.
The agreement was formalised on July 8, during the UK state visit of the French President. This MoU marks the beginning of exclusive negotiations with Hy24, through its Clean Hydrogen Infrastructure Fund, to develop and finance a £300m hydrogen electrolytic production facility in Fawley, Hampshire.
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.
The ExxonMobil Fawley refinery is the largest complex of its kind in the UK, with one in four vehicles using Fawley road fuels. This agreement aims to reduce up to 100 000 tons/year of CO2 emissions by replacing heavy fuel oil and grey hydrogen with low-carbon hydrogen.
