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PRESS RELEASE
TAKE KAIR : the consultation confirms the region's interest in the project
MoU covers development and funding of Fawley Green Hydrogen Project with the ambition to codevelop additional UK projects.
On the eve of the UK-France Summit 2025, Hynamics UK, a 100% subsidiary of EDF Group specialising in low-carbon and renewable hydrogen production, and Hy24, the world’s 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 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.
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