Hy24 and REFIRE Partner to Accelerate Green Hydrogen Development in Europe
Key Ideas
  • Hy24 and REFIRE have signed a memorandum of understanding to scale green hydrogen production and distribution for the energy and transport sectors.
  • The partnership aims to combine Hy24's investment and global network with REFIRE's engineering and fuel cell solutions to deliver fundable hydrogen projects.
  • The collaboration between the two companies is expected to boost industrial development, accelerate market deployment, and create value in Europe.
  • The CEOs of Hy24 and REFIRE expressed their commitment to accelerating the decarbonisation of the mobility sector through their shared vision and expertise.
Hy24, a hydrogen asset manager, and Shanghai REFIRE Company, a hydrogen energy solutions firm, have entered a partnership to develop green hydrogen for the energy and transport sectors. This collaboration, marked by a memorandum of understanding (MOU), aims to scale green hydrogen production and distribution, as well as hydrogen-electric power and mobility use cases. Hy24 will leverage its investment capabilities and global network, while REFIRE will contribute its engineering and fuel cell solutions to facilitate the development of fundable hydrogen projects. The partners foresee boosting industrial development, expediting market deployment, and creating value primarily in Europe through their joint efforts. Pierre-Etienne Franc, the co-founder and CEO of Hy24, praised REFIRE for its growth and expertise in hydrogen technologies, emphasizing the potential synergies between European and Chinese players in advancing decarbonisation efforts, particularly in the mobility sector. Similarly, Robin LIN QI, the co-founder and CEO of REFIRE, expressed excitement about partnering with Hy24, highlighting the trust Hy24 has garnered among investors due to its industry knowledge. Both CEOs are aligned in their mission to bring together industry leaders to drive the scaling up of decarbonisation solutions globally, with a specific focus on heavy-duty transport. The collaboration between Hy24 and REFIRE signifies a positive step towards accelerating the adoption of green hydrogen technologies and furthering the decarbonisation agenda. With a shared vision and complementary expertise, the partnership holds promise in advancing sustainable solutions for the energy and transport sectors, ultimately contributing to a greener future.
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