Hynamics and Menter Môn announce the signing of a MoU – Holyhead hydrogen hub accelerated.
Plans for a hydrogen hub in Holyhead have moved forward after a deal was struck with the subsidiary of a French power giant. Hynamics – part of the EDF Group – and Menter Môn have signed a Memorandum of Understanding (MOU) with the aim of accelerating the development of the project and securing potential future capital investment worth several millions.
The Hub project, managed by Anglesey social enterprise Menter Môn, has gained planning approval and is looking to secure funding as it moves to the next phase in its development.
Under the terms of the MOU, Hynamics and Menter Môn will collaborate on the development of hydrogen infrastructure at Holyhead and have entered a six-month period to evaluate the technical and economic feasibility of the project. They will also be concluding negotiations on financing the Hub, hydrogen sales and operation agreements.
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Welsh Government has provided seed funding from 2020-2023 enabling the project to progress to this point with additional support expected to be announced over the coming weeks. UK Government has also pledged significant support as it aims to achieve its net zero targets by 2050 but has not yet signed off on the project.
Welsh Government has provided seed funding from 2020-2023 enabling the project to progress to this point with additional support expected to be announced over the coming weeks. UK Government has also pledged significant support as it aims to achieve its net zero targets by 2050 but has not yet signed off on the project.
If developed at Parc Cybi, green hydrogen would be produced at the site and distributed as fuel for zero emission hydrogen-powered vehicles and marine transport.
Dafydd Gruffydd, managing director of Menter Môn, said:
Hydrogen has huge potential as a clean, low carbon fuel, so we are delighted to be entering into this MOU with Hynamics.
“As an internationally renowned company their confidence in us is a real boost and is good news for this project. We look forward to working with them to making the Holyhead Hydrogen Hub a reality.
“As a social enterprise with a focus on sustainable development projects and a growing renewables portfolio we are in a unique position. We can keep economic and social benefits local as work to put North Wales on the map and at the forefront of green technology.”
Pierre de Raphelis-Soissan, business development director of Hynamics, said:
Our collaboration brings together Hynamics’ and EDF Group’s expertise in hydrogen solutions and Menter Môn’s unique capabilities in sustainable development.
“Together, we can create a low-carbon energy system that supports the transition to net-zero economy.”
The Hynamics team work alongside EDF Renewables UK which is already constructing Porth Wen Solar Farm on Anglesey. The new partnership between Hynamics and Menter Môn is expected to create significant opportunities for local businesses, suppliers, and contractors, as well as academic institutions and research organisations.
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Holyhead hydrogen hub accelerated as deal signed with subsidiary of French power giant, May 18, 2023
