THE signing of a Memorandum of Understanding (MOU) has been confirmed between “Hynamics” and Anglesey social enterprise “Menter Môn” on the Holyhead Hydrogen Hub.

The aim is to accelerate the development of the project and secure potential future capital investment worth several millions.

The project, managed by Menter Môn, has gained planning approval and is looking to secure funding as it moves to the next phase in its development.

This private sector agreement signals confidence in a project which is considered ground-breaking in Wales.

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Under the terms of the MOU, Hynamics and Menter Môn will collaborate on the development of hydrogen infrastructure at Holyhead and have entered a six-month period to evaluate the technical and economic feasibility of the project.

They will also be concluding negotiations on financing the Hub, hydrogen sales and operation agreements.

The partnership will support Wales and UK's goal of achieving net-zero carbon emissions by 2050.

It is hoped that the MOU will lead to a final investment decision supporting the build of the Holyhead Hydrogen Hub.

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Dafydd Gruffydd, Menter Môn managing director, said: “Hydrogen has huge potential as a clean, low carbon fuel, so we are delighted to be entering into this MOU with Hynamics.

“As an internationally renowned company their confidence in us is a real boost and is good news for this project. 

“We look forward to working with them to making the Holyhead Hydrogen Hub a reality.

“As a social enterprise with a focus on sustainable development projects and a growing renewables portfolio we are in a unique position.

“We can keep economic and social benefits local as work to put North Wales on the map and at the forefront of green technology.”

Pierre de Raphelis-Soissan, Hynamics business development director, said: "We are delighted to partner with Menter Môn to support the development of the Holyhead Hydrogen Hub.

“Our collaboration brings together Hynamics' and EDF Group’s expertise in hydrogen solutions and Menter Môn's unique capabilities in sustainable development. T

“ogether, we can create a low-carbon energy system that supports the transition to net-zero economy."

The partnership is expected to create significant opportunities for businesses, suppliers, and contractors, as well as academic institutions and research organisations.

The project will see the hub built at Parc Cybi, Holyhead.

Renewable hydrogen is to be produced at the site and distributed as fuel for zero emission hydrogen-powered vehicles and the decarbonisation of local marine transport bunkered in Holyhead.

Welsh Government has provided seed funding from 2020-23, enabling the project to progress to this point, with additional support expected to be announced in the coming weeks.

The Government has also pledged significant support as it aims to achieve its net zero targets by 2050.

Virginia Crosbie, Ynys Môn MP, said: “This announcement is excellent news for Ynys Môn and clearly demonstrates the value of the Freeport in attracting investment.”

Rhun ap Iorwerth, Ynys Môn MS, said: “Having EDF Hynamics on board is a real boost and I’m pleased that this exciting project is progressing well.”

Isle of Anglesey County Council leader, Cllr Llinos Medi, added: “The project fully aligns with the council’s Energy Island Programme by presenting opportunity for local socio-economic benefits - including local employment, skills development and supply chain opportunities.”