This strategic location, owned by Associated British Ports, has been designated as the site for the development of the Clean Growth Hub, aligning with the collective vision for sustainable growth across the Port of Barry.
Under the terms of the MoU, ESB and Hynamics UK will focus on formalising contractual agreements related to the co-development of the Barry Hydrogen Project by the end of 2024, with the goal of securing the necessary financing and development expertise for the project’s development phase.
Aodhán McAleer, Hydrogen, Storage & Power to X Manager at ESB Generation & Trading, said:
“ESB has had a presence in the UK market for over thirty years, and we will continue to develop sustainable opportunities as we strive to reach net zero by 2040. We believe that Green Hydrogen will play a pivotal role in achieving net zero, and this MoU with Hynamics comes at an exciting time in the UK’s acceleration towards a decarbonised energy system.”
Pierre de Raphélis-Soissan, CEO of Hynamics UK, added: We are thrilled to announce this partnership between ESB and Hynamics on our Hydrogen project in the Port of Barry. This collaboration represents a significant advancement in our commitment to decarbonize industry. Together, we will leverage our complementary strengths to drive impactful results and create sustainable value for our customers and communities in the Barry Port region.”
