VINCI Concessions and Hype form a strategic partnership to accelerate hydrogen mobility
VINCI Energies is to work with Hype as its exclusive partner for the construction of new hydrogen production and distribution infrastructure in the Greater Paris area.
VINCI Concessions, a global player in transport infrastructure development and management, has announced the completion of a €15 million investment (1) in Hype, the developer behind France’s first integrated hydrogen mobility platform and an operator of a large hydrogen taxi fleet. Alongside this investment, VINCI Concessions and Hype have entered into a strategic partnership to accelerate the deployment of hydrogen mobility infrastructure in France and around the world.
As part of this partnership, Hype will task VINCI Energies with building new hydrogen production and distribution infrastructure in the Greater Paris area. In total, 26 refuelling stations with locally produced hydrogen – including 20 with a capacity of 1 tonne per day – are expected to open for public use in the next three years.
Moreover, VINCI Concessions will leverage its resources to help Hype deploy its network of stations in other regions across France and further afield, including by drawing on VINCI Energies’ expertise in hydrogen.
(1) In the form of instruments providing access to capital, alongside Hype’s other strategic partners HRS and McPhy.