A Gigafactory of electrolysers in Belfort

In Belfort, a Gigafactory of electrolyzers is the subject of an investment announcement made by the Board of Directors of McPhy.

Partagez:

In Belfort, a Gigafactory of electrolyzers is the subject of an investment announcement made by the Board of Directors of McPhy.

A major project

The Gigafactory, announced for the Belfort site in France, will be commissioned in the first half of 2024. It is an industrial facility dedicated to electrolysers without equivalent in Europe. The gradual ramp-up will allow us to reach an annual production capacity of 1GW.

This announcement of the Gigafactory precedes the signing of a public aid contract with Bpifrance. This amounts to a maximum of €114 million, with a first payment of €28.5 million. Subsequent payments will be in the form of reimbursements for expenses incurred under the terms of the contract.

McPhy plans to increase its research and development resources and strengthen its project and service teams. In addition, the start of construction and the purchase of the land will require a Gigafactory-related cash outlay of €9 million.

A European objective

This will give the company a total annual production capacity of 1.3GW. The company wants to offer large-scale production to meet the needs of the European market. This project will enable it to contribute to the decarbonization of industry, mobility and energy.

McPhy highlights the collaboration with the numerous partners of the Hydrogen ecosystem in Europe. These collaborations are set up for research and development in this Gigafactory located at the crossroads of European countries. Initially, the company aims to develop new generation alkaline electrolyzers.

The future Gigafactory in Belfort will host the production of the “Augmented McLyzer” range of large electrolysers. This new technology allows to equip architectures from 20 to 100MW and beyond with an output pressure of 30 bars. Thus, it will equip the industry with devices capable of producing hydrogen from renewable energies at a competitive cost.

The European Commission grants €3.5mn to support preparatory work for a Franco-German cross-border network aimed at transporting hydrogen between the Grand Est region and Baden-Württemberg starting in 2029.
French company McPhy Energy awaits a court decision regarding offers submitted during its judicial reorganization, paving the way for probable liquidation and potential delisting of its shares.
The majority-Indigenous-owned Canadian manufacturer HyVera Distributed Energy is introducing an eCat pellet that instantly produces ultra-pure green hydrogen without external electricity and is counting on two pilot plants to simplify industrial supply.
Underground hydrogen storage, essential to support its growth, continues to face significantly higher costs than natural gas storage, along with major technical challenges hindering its competitiveness against conventional energies.
Singapore-based hydrogen specialist Hydrexia seals a protocol with Indonesian gas giant Samator to deploy purification, transport and storage of hydrogen, betting on rapidly growing local demand and export outlets to the Asia-Pacific region.
Cadiz Inc. signs a memorandum of understanding with British company Hoku Energy for a large-scale energy project including green hydrogen, solar power, and digital infrastructure in the Californian desert, projecting annual revenues of up to $10mn.
BP indefinitely halts its blue hydrogen project at the Whiting refinery in Indiana, raising questions about the future of federal funding and the impact on regional plans for a decarbonized hydrogen sector in the United States.
The Polish energy group ORLEN receives a non-repayable grant of €382 million from the National Recovery Plan to finance its renewable and low-emission hydrogen production initiatives.
Georgia Power and Mitsubishi Power announce successful completion of an unprecedented test incorporating 50% hydrogen into an advanced gas turbine, reducing CO2 emissions by 22% compared to natural gas alone.
Neoenergia has begun construction of one of Brazil's first green hydrogen plants, aimed at supplying heavy and light vehicles, with an investment exceeding 30 million Brazilian reais ($5.99mn).
The SA-H2 fund, supported by international partnerships and local institutional backing, mobilises 37 million USD to develop export-oriented green hydrogen from South Africa, with an initial concrete project announced.
Turbotech reports successful combustion testing of a hydrogen turboprop, developed through digital simulation with Ansys, marking an industrial milestone in light aircraft using alternative fuel.
France Hydrogène responds to the Cour des Comptes report published on June 5, criticising an incomplete reading of updated targets and the economic impacts of decarbonised hydrogen development.
The Belfort Commercial Court has opened a judicial reorganisation procedure for McPhy, while a renewed call for tenders for its asset sale is now set to close on 13 June.
Plug Power CFO Paul Middleton acquired 650,000 shares on the market, affirming his support for the long-term strategy of the hydrogen-focused company.
The Canadian government is funding an initiative to support 40 SMEs in British Columbia’s hydrogen sector, aiming to increase foreign investment and expand international market share.
Developer CWP Global has paused its $40 billion AMAN project in Mauritania due to a lack of buyers for green ammonia despite favourable local conditions.
A study reveals that the profitability of African green hydrogen exports to the European Union depends on political support from Europe, despite the abundance of ongoing projects on the continent.
Plug Power expands its partnership with Allied Green through a new 2 GW electrolyzer deal tied to a $5.5bn chemical plant in Uzbekistan.
Stargate Hydrogen launches 140 MW factory in Estonia with modular expansion model amid cautious hydrogen investment climate.