Hynamics UK, a 100% subsidiary of EDF Group specializing in low-carbon and renewable hydrogen production, and Hy24, a 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 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 formalized on July 8th, during the State visit to the UK 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 £300 MM 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 decarbonization 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 Fawley Green Hydrogen project: potential 100,000 tpy of CO₂ saving initiative. Hynamics UK was shortlisted in April 2025 in the government’s HAR2 for its Fawley Green Hydrogen Project, to be located on land adjacent to the Esso Fawley refinery.

The project will consist of a 120 MW electrolyzer participating in the decarbonization of this national strategic infrastructure. Employing over 2500 staff and contractors, the ExxonMobil Fawley refinery is the largest complex of its kind in the UK, with 1 in 4 vehicles using Fawley road fuels and providing more than 20% of the UK’s aviation fuel, including a quarter of Heathrow’s need. This ambitious first-of-a-kind opportunity aims to reduce up to 100 000 tpy of CO₂ emissions by replacing heavy fuel oil and grey hydrogen with low-carbon hydrogen.

CEO of Hynamics UK, Pierre de Raphélis-Soissan, said, “I am delighted with this partnership with Hy24, which marks a new stage in the development of Hynamics' projects in the United Kingdom. This agreement is a continuation of the relationship of trust that has been built up over several years. Our MoU is in line with the Clean Industrial Strategy presented by the British Government in June and is a testimony to the potential for cooperation between industrial and financial players across the Channel.”

Amir Sharifi, Comex member & Strategy Lead at Hy24, Head of UK, Southern Europe and MENA, added, “The policy landscape in the UK is providing the certainty and clarity needed to enable decarbonization projects at the right scale and pace. We see this as a very positive signal and a strong opportunity for Hy24 to expand into the UK for the first time, alongside partners who are deeply committed to the energy transition. The reality is that leadership positions across the hydrogen value chain are being shaped now- and the UK has shown remarkable consistency and determination in this regard. In this context, Hynamics UK stands out as one of the most advanced players, and we are pleased to solidify our partnership with them to help accelerate the development of the UK’s hydrogen economy.”