McPhy ends cooperation agreement in 100MW hydrogen production project in Portugal

McPhy Energy SA, a France-based company and Hytlantic has agreed to terminate its 100MW GreenH2Atlantic renewable hydrogen production project in Sines, Portugal.

The decision follows an in-depth assessment of the activities performed and outcomes of the partnership between Hytlantic and McPhy over the past few years during project development and the outlook for the progress of those activities and results going forward.

Hytlantic remains committed to the development and success of the project.

McPhy Group will continue to focus on implementing its strategy, aiming to become one of the leading electrolyzer companies in Europe, contributing to the ramp-up and development of low-carbon hydrogen.

McPhy is part of the partnership consortium and at end-2021, the French company was selected as the preferred technology supplier, committing to delivering its Augmented McLyzer electrolysis system for the EU-backed project.