Hynamics and Menter Mon have signed a memorandum of understanding (MoU) on the Holyhead Hydrogen Hub in Wales.
The aim is to accelerate the development of the green hydrogen project and secure potential future capital investment worth several millions.
The project, managed by Anglesey social enterprise, Menter Mon, has gained planning approval and is looking to secure funding as it moves to the next phase in its development.
The project will be built at Parc Cybi, Holyhead with Menter Mon.
Renewable hydrogen is to be produced at the site and distributed as fuel for zero emission hydrogen-powered vehicles and the decarbonisation of local marine transport bunkered in Holyhead.
Under the terms of the MoU, EDF’s green hydrogen company Hynamics and Menter Mon 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. The partnership will support Wales and UK’s goal of achieving net-zero carbon emissions by 2050.
It is hoped that the MoU will lead to a final investment decision supporting the build of the Holyhead Hydrogen Hub.
Dafydd Gruffydd, Managing Director of Menter Mon, said: “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: “We are delighted to partner with Menter Mon to support the development of the Holyhead Hydrogen Hub.
“Our collaboration brings together Hynamics’ and EDF Group’s expertise in hydrogen solutions and Menter Mon’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 works alongside EDF Renewables UK which is already constructing Porth Wen Solar Farm on Anglesey.