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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
