EDF sells a subsidiary specializing in hydrogen to the Hy24 fund

EDF has just taken a new step in the refocusing of its activities around the production of nuclear and hydraulic electricity. The group announced the signing of an agreement to sell Hynamics to the hydrogen fund Hy24.

The operation, the amount of which has not been revealed, could be completed in the first quarter of 2027. It also allows the start-up to remain French, while in the spring, an American takeover candidate had also positioned itself on the file. A sensitive subject when everything relating to energy production is increasingly a matter of political choices.

Hynamics produces and markets low-carbon hydrogen for the heavy transport and industrial sectors through several key projects in France and the United Kingdom. “Since its creation in 2019, EDF has supported the growth of Hynamics and the development of low-carbon hydrogen,” declared Julien Villeret, director of innovation for the EDF group, believing that this sale “is an excellent opportunity to accelerate the development of Hynamics’ project portfolio.”

“This agreement illustrates this dynamic of consolidation around the most promising projects, in the service of European energy security. »added Pierre-Etienne Franc, co-founder and CEO of Hy24.