FID on new facility expected in mid-2022
French electrolyser firms eye IPCEI funding
Mcphy and Elogen take different stances on gigafactory construction as they await EU decision
French electrolyser and hydrogen filling station manufacturer Mcphy has delayed FID on a proposed electrolyser gigafactory at Belfort in northeastern France until mid-2022 as its seeks financial support under the EU’s Important Projects of Common European Interest (IPCEI) scheme. Mcphy had previously targeted the end of 2021 for FID on the plant, but the project “remains conditional on obtaining financing under the IPCEI”, the company says in its 2021 earnings report. The initial timeline was for production to start in the first half of 2024 with a gradual ramp-up to 1GW/yr, taking Mcphy’s total capacity to 1.3GW/yr. The Belfort project, expected to cost €30-40mn ($34-45mn) is one of the fir
Also in this section
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
