pHYnix & HRS Sign Pact Hydrogen Stations

Grenoble based European designer and manufacturer of hydrogen refueling stations HRS has signed a framework agreement with independent European producer of green hydrogen and related services pHYnix materialized by a first order for 8 HRS stations, 5 of which have a capacity of 1 ton/day and 3 have a capacity of 200 kg/day. This agreement represents a minimum turnover of more than 18 M€ for HRS. Under this agreement, which binds the partners until 2037, HRS becomes one of the main suppliers of hydrogen refueling stations for the projects developed by pHYnix. In addition, pHYnix has committed to place a part of its future orders with HRS, beyond the first 8 orders included in the agreement.pHYnix implements European projects for the production and distribution of green hydrogen in the mobility and industrial heat sectors. To this end, pHYnix develops, builds and operates hydrogen power plants and manages the development of the associated infrastructure. Under this agreement, which binds the partners until 2037, HRS becomes one of the main suppliers of hydrogen refueling stations for the projects developed by pHYnix. In addition, pHYnix has committed to place a part of its future orders with HRS, beyond the first 8 orders included in the agreement.The pHYnix project pipeline is 1.7GW, and includes different modalities, from generation to mobility, in Portugal, Spain and France. The first order of 3 200 kg/day stations will go to the first projects set up by pHYnix. The second order of the other 5 1 ton/day stations will be served before June 2024 in the framework of the following projects.pHYnix is an independent European company dedicated to the production, transformation, and marketing of renewable hydrogen production facilities. With teams in France, Spain, and Portugal, pHYnix is a subsidiary of EverWatt, an integrated player specializing in energy planning and regional decarbonization. EverWatt's majority shareholder is Transition Evergreen, the first listed investment fund in France dedicated to the ecological transition and carbon footprint reduction.pHYnix has the first commercial-sized (10MW) green hydrogen production plant, Vitale, which is under construction. Located in Alcazar de San Juan (Ciudad Real, Spain), Vitale will produce 1,450 tonnes of renewable hydrogen per year from 1Q2024 for the mobility, logistics, long-distance passenger transport, urban and intercity transport sectors in the Community of Madrid, as well as grid injection.pHYnix contributes to the energy independence of regions and countries and the energy transition of its customers by reducing their carbon footprint, implementing a competitive transition, and supplying renewable hydrogen.Founded in 2004, Hydrogen-Refueling-Solutions (HRS), formerly TSM, is pioneer in hydrogen mobility. European designer and manufacturer of hydrogen refueling stations, for over ten years, the Company has been committed to reducing transport emissions.

pHYnix & HRS Sign Pact Hydrogen Stations

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