The Fawley green hydrogen project, a joint venture between Hynamics UK and Hy24, has taken a significant step forward after securing a place in the UK government’s Hydrogen Allocation Round 2 (HAR2) subsidy scheme. This project, situated beside the Esso Fawley refinery in Hampshire, England, aims to establish a 120MW electrolyser capable of producing green hydrogen, potentially saving up to 100,000 tonnes of CO2 annually by replacing heavy fuel oil and grey hydrogen.
Hy24, through its clean hydrogen infrastructure fund, will exclusively negotiate the funding of a £300 million ($407 million) hydrogen electrolytic production facility. Amir Sharifi, Hy24 UK, Southern Europe and MENA head, expressed optimism about the UK’s policy landscape, stating it provides the necessary certainty and clarity to enable decarbonisation projects at scale. He highlighted the UK’s consistent and determined approach to hydrogen, positioning it as a strong opportunity for Hy24’s expansion into the UK market.
The Fawley project will supply ExxonMobil’s petrochemical complex with green hydrogen, supporting the company’s decarbonisation efforts. Pierre de Raphélis-Soissan, CEO of Hynamics UK, welcomed the partnership with Hy24, marking a new stage in the development of Hynamics’ projects in the UK. He emphasized the agreement’s alignment with the British government’s Clean Industrial Strategy, showcasing the potential for cooperation between industrial and financial players across the Channel.
This development underscores the growing momentum in the UK’s hydrogen economy, with the Fawley project serving as a testament to the country’s commitment to decarbonisation. The partnership between Hynamics UK and Hy24 not only accelerates the development of green hydrogen infrastructure but also sets a precedent for future collaborations in the sector. As the hydrogen value chain continues to evolve, the UK’s consistent policy framework and determined approach position it as a key player in the global energy transition. The success of this project could catalyze further investments and innovations, shaping the trajectory of the hydrogen sector in the UK and beyond.