FID on new facility expected in mid-2022
French electrolyser firms eye IPCEI funding
Mcphy and Elogen take different stances on gigafactory construction as they await EU decision
French electrolyser and hydrogen filling station manufacturer Mcphy has delayed FID on a proposed electrolyser gigafactory at Belfort in northeastern France until mid-2022 as its seeks financial support under the EU’s Important Projects of Common European Interest (IPCEI) scheme. Mcphy had previously targeted the end of 2021 for FID on the plant, but the project “remains conditional on obtaining financing under the IPCEI”, the company says in its 2021 earnings report. The initial timeline was for production to start in the first half of 2024 with a gradual ramp-up to 1GW/yr, taking Mcphy’s total capacity to 1.3GW/yr. The Belfort project, expected to cost €30-40mn ($34-45mn) is one of the fir
Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment
