HRS, a hydrogen station designer and manufacturer located in Isère near Grenoble, will build eight low-carbon hydrogen stations in Ile-de-France. Electrolyzers will be supplied by Drôme McPhy to the cab business Hype.
A contract for tens of millions of euros has been signed
According to Adamo Screnci, deputy general manager of HRS (Hydrogen Refueling Solutions), formerly TSM, based in Champ-sur-Drac (Isère), the first HRS contract (at catalog price) “can represent up to 5 million euros” depending on the options and design, for a station that can serve 200 kg of hydrogen per day and another of one ton per day.
By mid-2023, HRS will have inked an exclusive deal with Hype for the delivery of six more stations in Ile-de-France, potentially worth up to 19 million euros in revenue.
In addition, HRS and its holding company have purchased 8 million euros in convertible bonds in Hype’s capital, which can be converted into Hype shares before their maturity date if certain requirements are met, according to a press statement from HRS.
Mr. Screnci explained the strategy by saying, “To build and create a hydrogen industry in France that makes sense, it is vitally important to connect consumers and infrastructures.”
The refueling station project, which is expected to receive public funding for transportation decarbonization, joins the eight low-carbon hydrogen stations announced at the end of January in Ile-de-France by HysetCo, a joint venture between Air Liquide, Toyota, STEP (Hype), Kouros, and TotalEnergies, with the goal of scaling up hydrogen mobility in time for the 2024 Olympic Games in Paris.
In Paris, the first Porte de Saint-Cloud station was built
The first HysetCo station has opened at Porte de Saint-Cloud (west of Paris), where hydrogen is produced by electrolysis of water and fed by electricity from the grid, two-thirds of which comes from nuclear energy. greenhouse gases are not emitted
The hype has a fleet of approximately 100 hydrogen taxis, which were previously thought to be experimental.
Hydrogen mobility is more in line with the development of extremely large vehicles, such as trucks, trains, and boats, although some captive fleets, such as taxis, may be of interest as well.
Almost the majority of the hydrogen generated today in France and across the world comes from fossil fuels (particularly gas) and is thus climate-damaging.
Hydrogen that is carbon-free
According to Mr. Screnci, “decarbonized” hydrogen will be used in this project, which will be generated either in Normandy, at Air Liquide’s new hub, or in Northern Europe, in Vendée, or locally in Ile-de-France.
In a separate news release, McPhy, an electrolyzer manufacturer, stated on Monday that it had placed the first order with Hype to equip its network of Hype stations with a 2 MW alkaline electrolyzer to create hydrogen on-site.
McPhy, like HRS, agreed to subscribe to Hype’s convertible bonds for a total of 12 million euros as part of this deal.
Two more extremely big capacity stations should be ordered by June 30, according to McPhy’s news statement, which also included a “connecting Hype to McPhy” referring to Hype’s deployment by 2025 of “a minimum of 100 stations throughout France and Europe,” with McPhy accounting for half of them.
