pHYnix and Hydrogen Refueling Solutions HRS sign a framework agreement for the deployment of European hydrogen mobility projects.
HRS , a European designer and manufacturer of hydrogen refueling stations , announces that it has signed a framework agreement with pHYnix , an independent European producer of green hydrogen and related services. The agreement includes an initial firm order for 8 HRS stations , 5 of which have a capacity of 1 tonne/day and 3 stations of 200 kg/day. This agreement represents a minimum turnover of more than 18 million euros for HRS .
pHYnix develops European green hydrogen production and distribution projects in the mobility and industrial heat sectors. To do this, pHYnix develops, builds and operates hydrogen production plants and manages the development of the associated infrastructure.
Under this agreement, which binds the partners until 2027, HRS becomes one of the preferred providers of hydrogen refueling stations for projects developed by pHYnix . In addition, pHYnix has committed to place a portion of its future orders with HRS , beyond the first 8 orders provided for in the agreement.
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The pHYnix project portfolio amounts to 1.7 GW and includes various modalities, from generation to mobility, in Portugal, Spain and France. The first order for 3 HRS stations of 200 kg/day will go to the first projects executed by pHYnix , and the second order for the other 5 stations of 1 ton/day will be delivered before June 2024 for future projects.
Jean Pierre RICHE, Founder and President of pHYnix , said:
We are very pleased with this agreement with HRS , one of the market leaders for hydrogen stations.
“This agreement demonstrates the acceleration of our development and symbolizes our desire to stay at the forefront of the transition to renewable hydrogen in Europe. pHYnix accompanies its clients throughout the value chain, from the production of renewable hydrogen to the applications for the adoption of the hydrogen vehicle, favoring the development of regional ecosystems for decarbonized mobility.”
Hassen Rachedi, Founder and CEO of HRS , added:
HRS is proud to accompany pHYnix in the deployment of ambitious and concrete European green hydrogen projects.
“The decarbonization of transport, through hydrogen mobility, requires the rapid implementation of a commercial-scale infrastructure network that ranges from hydrogen production to its distribution. pHYnix is ​​one of the most dynamic players in this field today, making it a natural partner for HRS . Our ability to rapidly deploy large capacity stations, from 1 tonne/day and above, will support the rapid expansion of pHYnix ‘s green hydrogen production capabilities..”
About pHYnix
pHYnix is ​​an independent European company dedicated to the development, construction and commercial operation of renewable hydrogen generation plants, with teams and business spread across France, Spain and Portugal.
pHYnix is ​​a subsidiary of EverWatt, an integrated player specializing in energy planning and the decarbonization of territories, whose majority shareholder is Transition Evergreen, the first listed investment fund in France dedicated to the ecological transition and the reduction of the carbon footprint.
pHYnix has the first commercial size (10MW) green hydrogen production plant, Vitale, which is under construction. Located in Alcázar de San Juan (Ciudad Real, Spain), Vitale will produce 1,450 tons of renewable hydrogen per year from 1Q-2024 that will be used in the mobility, logistics, long-distance passenger transport, and urban transport sectors. and interurban in the Community of Madrid, as well as injection into the gas network.
pHYnix contributes to the energy independence of territories and countries and to the energy transition of its clients, achieving for them the decarbonisation of their activity, a competitive migration and the supply of green hydrogen.
About HRS
Created in 2004, Hydrogen-Refueling-Solutions ( HRS ), formerly TSM, is a pioneer in hydrogen mobility. As a European designer and manufacturer of hydrogen refueling stations, HRS has been committed to the decarbonisation of transport for more than 10 years.
Thanks to its unique knowledge and experience, HRS has developed a complete range of hydrogen refueling stations that can use all types of fuel cell vehicles and are perfectly suited to the needs of a rapidly growing European market. At its Champ-sur-Drac facilities, HRS has a series production capacity that allows it to assemble up to 60 units per year in record time, up to 8 weeks.
In the financial year 2021/2022, HRS achieved a turnover of 17.0 million euros. As of June 30, 2022, HRS had 78 employees. ISIN code: FR0014001PM5 – mnemonic: ALHRS.
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pHYnix and HRS sign a framework agreement for the deployment of European hydrogen mobility projects, Grenoble, January 19, 2023
