ESB and Hynamics UK recently signed a memorandum of understanding (MOU) for the development of a green hydrogen production facility at the Port of Barry, Wales.
Landmark collaboration aims to drive significant advancements in green hydrogen production and its application for decarbonising industrial processes.
The Barry Hydrogen Project will support the green hydrogen sector by producing and supplying green hydrogen for the decarbonisation of industrial operations around the Port of Barry. This strategic location, owned by Associated British Ports, has recently been designated as the site for the development of the Clean Growth Hub, aligning the collective vision of for sustainable growth and future across the Port of Barry.
A wider plan to develop a decarbonised clean growth hub
Under the terms of the MoU, ESB and Hynamics UK will focus on formalising contractual agreements related to the co-development of the Barry Hydrogen Project by the end of 2024, with the intent to secure the necessary financing and development expertise for the projects development phase.
Hynamics brings valuable operating and development experience from its 1MW Auxerre project, commissioned in France in 2021, as well as from ongoing project developments across the UK. Established in 1927, and majority-owned by the Irish State, ESB is Ireland’s leading energy company and has been active in the UK since the early 90s. ESB is developing several onshore and offshore renewable energy projects across the UK as part of its Net Zero by 2040 Strategy.
ESB has had a presence in the UK market for over thirty years, and we will continue to develop sustainable opportunities as we strive to reach net zero by 2040. We believe that Green Hydrogen will play a pivotal role in achieving net zero, and this MoU with Hynamics comes at an exciting time in the UK’s acceleration towards a decarbonised energy system.
We are thrilled to announce this partnership between ESB and Hynamics on our Hydrogen project in the Port of Barry. This collaboration represents a significant advancement in our commitment to decarbonize industry. Together, we will leverage our complementary strengths to drive impactful results and create sustainable value for our customers and communities in the Barry Port region.
Together, Hynamics and ESB are committed to leverage their combined expertise in advancing green hydrogen technology, enhancing sustainability, and supporting the global transition to cleaner energy sources. The Barry Hydrogen Project will positively impact the green hydrogen industry, paving the way for further hydrogen developments across the UK.