Falkor, Vol-V establish Elyse Energy to branch into green hydrogen market

Falkor, Vol-V establish Elyse Energy to branch into green hydrogen market

Investment company Falkor and Vol-V have teamed to establish Elyse Energy, a subsidiary that is entirely dedicated to green hydrogen.

Benoit Decout and Stéphane Guillard have also joined as co-founders of the company.

The companies have all identified green hydrogen and electro-fuels as crucial to the global energy transition and particularly key to decarbonise hard-to-abate sectors such as industry and heavy-duty mobility.

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The creation of Elyse Energy is consistent with the recent actions undertaken by Falkor and Vol-V during the last two years.

The company will be a platform that is dedicated to supporting green hydrogen projects throughout its development phase, until the construction and operation of production units.

Supported by a dedicated team of technology and energy project management experts, Elyse Energy is expected to establish various partnerships with players in the hydrogen sector, developers, technology suppliers and end consumers.

Cédric de Saint-Jouan, Co-founder of Vol-V and Chairman of the Elyse Energy strategic committee, said, “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.”

Pascal Pénicaud, Founder of Falkor and Chairman of Elyse Energy, said, “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.

“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.”

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