Hy24 to buy Hynamics, Nel's alkaline slump, Finland certifies e-methane

Five hydrogen and storage stories from October 8 to 16, 2026: a utility agreeing to sell its hydrogen unit to a fund, an electrolyser maker whose alkaline revenue fell 91%, Finland's first certificates for e-methane, a sodium-ion plan for Germany, Austria and Switzerland, and 1,000 tonnes of green ammonia pumped between two ships at anchor.

Hy24 agrees to buy Hynamics from EDF

Hy24, the Ardian and FiveT Hydrogen joint venture whose clean hydrogen infrastructure fund holds €2 billion in commitments, has signed an agreement with EDF Pulse Ventures, EDF's venture capital arm, "with a view to acquiring" Hynamics, EDF announced on October 14, 2026. Hynamics produces and markets low-carbon hydrogen for heavy mobility and industry through projects in France and the United Kingdom. The deal could close in the first quarter of 2027, subject to conditions that include regulatory approvals, and the release gives no price.

The seller frames the exit as growth. EDF has backed Hynamics "since its creation in 2019," said Julien Villeret, EDF's chief innovation officer, who said the change in ownership will let Hynamics scale up. Hy24 chief executive Pierre-Etienne Franc called the deal part of "the ongoing consolidation around the most promising projects," which is one way to describe a utility handing its hydrogen producer to a fund.

Nel's alkaline electrolyser revenue falls 91%

Nel ASA's revenue from contracts with customers fell 63% to NOK 112 million in the third quarter of 2026, and its net loss widened to NOK 141 million from NOK 85 million a year earlier, according to the Q3 report dated October 14, 2026. The decline is in alkaline: that segment's revenue fell to NOK 23 million from NOK 249 million, it booked NOK 8 million of new orders, and its backlog shrank to NOK 198 million.

PEM is now carrying the company. PEM revenue rose 65% to NOK 89 million, quarterly orders reached NOK 245 million, and the PEM backlog of NOK 1,116 million is most of the group's NOK 1,314 million. Nel's announcements during and after the quarter include about USD 20 million of orders from Collins Aerospace for PEM stacks used in submarine life-support systems. Cash fell to NOK 1,078 million from NOK 1,757 million a year earlier.

Nel is adjusting how much of its Herøya factory it uses and says fixed costs "from unutilized production and organizational capacity will continue to negatively impact results until more orders have been secured." Meanwhile, work progresses on a planned 1 GW production line at Herøya for its new pressurised alkaline design. Rival ITM Power's 150 MW refinery project is also short of a firm order: its Hydropulse unit signed heads of terms, a preliminary step, on October 12.

Finland issues its first guarantees of origin for e-methane

Gasgrid Finland has issued the country's first guarantees of origin for renewable e-methane produced at the P2X Solutions plant, Gasgrid said on October 15, 2026. P2X is injecting the e-methane into the Finnish gas network and, through the Balticconnector pipeline, to European markets; P2X chief executive Herkko Plit said Finnish e-methane is now reaching customers outside the country for the first time.

The certificate matters as much as the gas, which Gasgrid describes as made from renewable hydrogen and biogenic carbon dioxide. "Without guarantees of origin, gas cannot be sold or marketed as renewable," said Heli Haapea, who develops Gasgrid's certificate system. Gasgrid has issued them for biomethane for almost five years and for hydrogen for around a year. The announcement names no volumes and no buyers.

CATL and Intilion plan up to 3 GWh of sodium-ion storage

Intilion, the Paderborn-based battery storage integrator, has signed an agreement with CATL to build sodium-ion battery storage in Germany, Austria and Switzerland, chief executive Hubertus Jakobi posted on October 8, 2026. "Over the next five years, we intend to jointly realize BESS projects using CATL sodium-ion battery solutions in the DACH markets with a total volume of up to 3 GWh," he wrote, citing round-trip efficiency above 96.5% and more than 15,000 cycles under high-temperature conditions.

The 3 GWh is an intention with a ceiling, not an order, and it is the second ceiling the pair have set. The two companies announced a partnership in May 2025 for battery storage systems in the same region with a planned total of up to 10 GWh within five years, supplied with CATL products such as its TENER series. Jakobi's post does not say whether the sodium-ion volume counts toward that figure or adds to it.

Energy China bunkers 1,000 tonnes of green ammonia ship to ship

The bunkering vessel Shenghang Yongle transferred 1,000 tonnes of green ammonia to CMB.TECH's Mineral Europa at an anchorage in Zhoushan Port on October 13, 2026, China Energy Engineering Group (Energy China) said in a release on October 16 that calls it the world's first commercial ship-to-ship green ammonia bunkering. The ammonia came from Energy China's wind- and solar-powered hydrogen, ammonia and methanol project in Songyuan, Jilin Province, whose first phase entered formal operation in December 2025, and travelled by road to a tank farm at Nanjing Port before going by ship to Zhoushan.

The permissions are new: the bunkering operator, Jiangsu Andefu Energy Technology, got its liquid ammonia bunkering licence from Zhoushan in May 2026, and Shenghang Yongle received its "Ammonia Bunkering" class notation in August. Energy China says 7,000 tonnes from Songyuan have reached Nanjing so far.

The buyer's ammonia fleet comes in two sizes, depending on who is counting. Energy China's release says, "according to project materials," that CMB.TECH has ordered 28 ammonia-powered ships of 210,000 tonnes. CMB.TECH's own October 9 release, announcing Mineral Europa's maiden voyage to Australia, puts twenty-one ammonia-powered ships on its delivery schedule through 2029, eighteen of them dry bulk vessels. The two counts may measure different things, and neither release reconciles them.