EDF moves into the hydrogen market.
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At Hannover Messe, the international trade show dedicated to industry, EDF announces the creation of
“Hynamics”, a new subsidiary for the Group(1) responsible for offering effective low-carbon hydrogen for
industry and mobility.
With this commitment, EDF’s ambition is to become a key player in the hydrogen sector in France and
around the world, as well as consolidating its contribution to the fight against climate change and for a lowcarbon world.
According to a report released by McKinsey(2), hydrogen consumption will represent 18% of the world’s final energy demand in 2050. 95% of hydrogen is currently produced from fossil fuels. Unlike this method, which produces a lot of carbon dioxide, Hynamics has opted for water electrolysis to produce its hydrogen, a technology that does not emit very much CO2 at all, as long as the electricity used itself comes from lowcarbon production methods.
Hynamics offers two different low-carbon hydrogen solutions:
- For industrial clients, for whom hydrogen is a necessity (refinery, glassware, agri-food, chemistry etc.), Hynamics installs, runs and maintains hydrogen production plants, by investing in the necessary infrastructure;
- For mobility providers, both public and professional, Hynamics helps link up different areas with service stations to provide hydrogen to recharge fleets of commercial vehicles, like trains, buses, bin lorries, utility vehicles and means of waterway transport. These services constitute an additional asset for the Electric Mobility Plan announced by the Group in October 2018.
At the end of March 2019, Hynamics teams have identified and work on some 40 target projects, in France as well as other European countries including Belgium, Germany and the United Kingdom. Hynamics is the result of an “intrapreneurial” project led by ten or so employees and nurtured within EDFPulse Expansion, the Group’s start-up incubator. After the acquisition of EDF’s stake in the French company McPhy, a leading player in this market, the creation of this new subsidiary confirms the EDF Group’s ambition when it comes to low-carbon hydrogen, and applies it to new uses.
For more information and to get in touch with the teams at Hynamics, visit https://hynamics.com/en
April 2019
EDF