Press Release
June 18, 2021

Plug Power Inc creates Hyvia, a joint venture with Renault Group

The Paris Private Equity team and the US Technology team advised Plug Power Inc on the creation of an hydrogen mobility joint venture Hyvia, with Renault Group.

HyVia is equally owned by the two partners and will operate across four sites in France. The joint venture intends to contribute to the decarbonization of mobility in Europe by making France a leader in innovative industrial and commercial development.

Hyvia will provide its customers with a comprehensive range of turnkey solutions: light commercial vehicles with fuel cells, charging stations, supply of carbon-free hydrogen, maintenance and fleet management.

Plug Power Inc is a leading global player in turnkey hydrogen solutions.

Renault Group is a major French player in the automotive industry.

The Goodwin team included, in France, William Robert, David Diamant and Hadrien Gence on corporate aspects, and in the US, Robert Whalen and Gregory Saiontz on corporate aspects, and Stephen Charkoudian on all IP aspects.