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HYDROGEN REFUELING SOLUTIONS (HRS) – PHYNIX and HRS signal a framework settlement for the deployment of European hydrogen mobility initiatives – Agency order for 8 HRS inexperienced hydrogen refueling stations together with 5 of 1 ton/day – 01/19/2023 – 08:55

PHYNIX AND HRS SIGN FRAMEWORK AGREEMENT

FOR THE DEPLOYMENT OF EUROPEAN PROJECTS
OF HYDROGEN MOBILITY

FIRM ORDER OF 8 HRS STATIONS
GREEN HYDROGEN REFUELING
INCLUDING 5 OF 1 TON/DAY

Grenoble, January 19, 2023 – HRS, European designer and producer of hydrogen refueling stationsdeclares that it has signed a framework settlement with pHYnixan impartial European producer of inexperienced hydrogen and associated providers, materialized by a primary agency order for 8 stations HRS, together with 5 with a capability of 1 ton/day and three stations of 200 kg/day. This settlement represents a minimal turnover of greater than 18 M€ for HRS.

pHYnix helps European initiatives for the manufacturing and distribution of inexperienced hydrogen within the mobility and industrial warmth sectors. For that, pHYnix develops, builds and operates hydrogen energy crops after which steers the event of related infrastructure.

As a part of this settlement which binds the companions till 2027, HRS turns into one of many most well-liked suppliers of hydrogen refueling stations for initiatives developed by pHYnix. Furthermore, pHYnix has undertaken to put a part of its future orders with HRSpast the primary 8 offered for within the settlement.

The undertaking pipeline of pHYnix is 1.7GW, and contains totally different modalities, from manufacturing to mobility, in Portugal, Spain and France. The primary order of three stations 200 kg/day can be supposed for the primary initiatives arrange by pHYnix. The second order together with the 5 different 1 ton/day stations can be served earlier than June 2024 as a part of the next initiatives.

Jean Pierre RICHE, Founder and President of pHYnixstated : “We’re more than happy with this partnership with HRS, one of many benchmark gamers within the hydrogen station market. This settlement demonstrates the acceleration of our improvement and symbolizes our need to stay on the forefront of the transition to renewable hydrogen in Europe. pHYnix helps its prospects all through the worth chain, from the manufacturing of renewable hydrogen to functions for the adoption of hydrogen autos, by selling the event of regional low-carbon mobility ecosystems. »

Hassen Rachedi, Founder and CEO of HRS added : ” HRS is proud to help pHYnix within the deployment of European initiatives, each formidable and concrete in inexperienced hydrogen. The decarbonization of transport, by hydrogen mobility, requires the fast institution of a commercial-scale infrastructure community starting from the manufacturing to the distribution of hydrogen. pHYnix is at the moment some of the dynamic gamers on this discipline, which makes it a pure associate for HRS. Our capability to quickly deploy large-capacity stations, of 1 ton/day and extra, will make it doable to help the fast development of inexperienced hydrogen manufacturing capacities in pHYnix. »

About pHYnix

pHYnix is an impartial European firm devoted to the manufacturing, processing and advertising and marketing of renewable hydrogen manufacturing amenities. With groups in France, Spain and Portugal, pHYnix is a subsidiary of EverWatt, an built-in participant specializing in power improvement and the decarbonization of Territories, whose majority shareholder is Transition Evergreen, the primary funding fund listed in France devoted to ecological transition and the discount of air pollution. ‘carbon footprint.

pHYnix has the primary commercial-scale (10 MW) renewable hydrogen manufacturing facility, Vitale, which is within the development section. Situated in Alcazar de San Juan (Ciudad Actual, Spain), Vitale will produce 1,450 tonnes of renewable hydrogen per 12 months from 1T-2024 for the mobility, logistics, long-distance passenger transport, transport city and interurban within the Neighborhood of Madrid, in addition to injection into the fuel community.

pHYnix contributes to the power independence of territories and nations and to the power transition of its prospects, by finishing up for them the decarbonization of their exercise, a aggressive migration and the availability of renewable hydrogen.

About HRS

Created in 2004, Hydrogen-Refueling-Options (HRS), previously TSM, is a pioneer in hydrogen mobility. European designer and producer of hydrogen refueling stations, HRS has been dedicated for greater than 10 years on the trail of decarbonization of transport.

With distinctive know-how and expertise, HRS has developed a whole vary of hydrogen refueling stations that can be utilized by all sorts of gasoline cell autos and completely tailored to the wants of a quickly rising European market. On its Champ-sur-Drac web site, HRS has a mass manufacturing capability to assemble as much as 60 items per 12 months and in document time, which might attain solely 8 weeks.

In the course of the 2021/2022 monetary 12 months, HRS achieved a turnover of €17.0 million. As of June 30, 2022, HRS had 78 staff. ISIN code: FR0014001PM5 – mnemonic: ALHRS

CONTACTS

Investor Relations
NEWS finance & communication
Gregory Saint-Marc
hrs@actus.fr
Such. 01 53 67 36 94
Monetary press relations
NEWS finance & communication
Anne-Catherine HELLO
hrs-presse@actus.fr
Such. 01 53 67 36 93
Company press relations
NEWS finance & communication
Deborah Schwartz
hrs-presse@actus.fr
Such. : 01 53 67 36 35

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