Committed to the development of green hydrogen in Europe since 2019, the investment company Falkor has joined forces with Vol-V group, a long-standing player in renewable energies, to create Elyse Energy, a subsidiary fully dedicated to green hydrogen. Benoit Decourt and Stéphane Guillard also joined as co-founders of the company.
The past 20 years have shown that wind and solar can produce large amounts of clean and competitive electricity. The energy transition now requires large-scale storage solutions and green gases, with even greater urgency. Pioneers of the wind, solar, and biomethane industries, the four founders are convinced that green hydrogen and electro-fuels are key to decarbonize hard-to-abate sectors, such as industry and heavy-duty mobility.
The creation of Elyse Energy is consistent with the actions undertaken by Falkor and Vol-V during the last two years. Elyse Energy will be a platform dedicated to supporting green hydrogen projects, throughout their development phase, until the construction and operation of production units.
Supported by a dedicated team of technology and energy project management experts, Elyse Energy will establish partnerships with players in the hydrogen sector: developers, technology suppliers, end consumers.
“Through Elyse Energy, Vol-V intends to promote this early stage technology that will be necessary for the energy transition, as it did in wind power or biomethane. We want to demonstrate that H2 can be profitably deployed at an industrial scale, says Cédric de Saint-Jouan, cofounder of Vol-V and chairman of the Elyse Energy strategic committee. “
“We are very happy to join forces with Vol-V group, a long-standing player in renewable energies, to support the development of green hydrogen,” says Pascal Pénicaud, founder of Falkor and chairman of Elyse Energy. “Our complementarity gives Elyse all the experience, expertise and financial means it needs to support more projects and bring all its know-how to their development. “
With an investment capacity of several tens of millions of euros to be deployed over the next five years, Elyse Energy quickly wants to become an entry point for hydrogen projects in Europe. Its investment philosophy is based on a long-term vision necessary to the success and the ramp-up of its projects.
To find out more about Elyse Energy : elyse.energy
About Vol-V : The Montpellier based company is managed by its three founders, Cédric de Saint-Jouan, Arnaud Guyot and François Bouffard, who have worked together for more than 20 years in renewable energies (wind, photovoltaic and biomethane). It is organized around the following axes: energy transition, ecological transition and by extension, support of technology or process innovations that make a positive and lasting contribution to societal and environmental challenges.
Find out more : vol-v.com
About Falkor : Based in Marseille and founded by Pascal Pénicaud, Falkor is an investment company dedicated to the transition of businesses and communities to carbon neutrality. In particular, it meets the financing needs of companies and project leaders involved in this transition in four areas: renewable energies, energy storage, green hydrogen and Civic Tech.
Find out more : falkor.eu
Read the most up to date Fuel Cell and Hydrogen Industry news at FuelCellsWorks