July 09, 2025 [Fuel Cells Works]- French clean-hydrogen investor Hy24 has struck an early-stage deal with Hynamics UK to back a 120 MW green hydrogen project feeding into ExxonMobil’s vast Fawley refinery site. EDF subsidiary Hynamics—already shortlisted under the UK’s Hydrogen Allocation Round 2 (HAR2)—will partner through Hy24’s Clean Hydrogen Infrastructure Fund on the £300 m (USD 408 m) venture, which sits adjacent to the Esso Fawley refinery and will supply low-carbon hydrogen into its petrochemical operations.

Under an exclusive Memorandum of Understanding, the partners will pursue HAR2 project funding and co-develop further UK opportunities. The Fawley complex, the UK’s largest refinery, produces over 20 % of national aviation fuel and fuels one in four vehicles.

“The policy landscape in the UK is providing the certainty and clarity needed to enable decarbonisation projects at the right scale and pace,” explained Amir Sharifi, Comex member & Strategy Lead at Hy24, Head of UK, Southern Europe and MENA.

“We see this as a very positive signal and a strong opportunity for Hy24 to expand into the UK for the first time, alongside partners who are deeply committed to the energy transition.
“The reality is that leadership positions across the hydrogen value chain are being shaped now, and the UK has shown remarkable consistency and determination in this regard.”

Shortlisted as one of 27 HAR2 projects, the scheme is slated to deliver a combined 765 MW of low-carbon hydrogen capacity between 2026 and 2029. Yet the initial HAR1 round—worth £2 bn (USD 2.7 bn)—has been mired in contract delays, with just six of the eleven 2023 awardees signing agreements by June 2025.