McPhy to exit 100-MW green hydrogen project in Portugal

McPhy Energy SA (EPA:MCPHY) will not participate in the 100-MW GreenH2Atlantic renewable hydrogen production project in Sines, Portugal, the French hydrogen equipment maker said today.

GreenH2Atlantic is promoted by the Hytlantic partnership, which aims to install an alkaline electrolyser to demonstrate the production of green hydrogen to supply a local refinery and blend the green fuel with natural gas for grid use. 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.

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Following a thorough assessment of activities carried out by Hytlantic and McPhy over the past few years, along with the outlook for their progress, the partners have decided to cancel their cooperation, McPhy said. The technology group did not elaborate further and added it will focus on implementing its strategy to become one of the leading electrolyser specialists in Europe.

GreenH2Atlantic envisages converting the existing infrastructure of Portugal’s largest coal-fired plant, which was shuttered in early 2021, into a “hydrogen valley.” The consortium behind the scheme includes 13 companies, among which are utilities EDP - Energias de Portugal SA and Engie SA and Danish turbine maker Vestas Wind System A/S. In 2022, their project was selected under the research and development programme Horizon 2020 – European Green Deal to demonstrate the viability of large-scale green hydrogen production.