Renault Group’s Creation of the Joint Venture HYVIA with Plug Power Inc.

Herbert Smith Freehills advised Renault Group on the deal.

Renault Group, a dominant player in the automotive industry, completed the creation of the joint venture HYVIA, with Plug Power Inc. (NASDAQ: PLUG), a world leader in turnkey hydrogen and fuel cell solutions.

HYVIA expects to be first-to-market with turnkey hydrogen mobility solutions: light commercial vehicles with fuel cells, hydrogen charging stations, supply of carbon-free hydrogen, maintenance and management of fleets.

The joint venture is equally owned by the two partners. It will operate across four sites in France and intends to contribute to the decarbonization of mobility in Europe positioning France as industrial, commercial and technology leader.

Herbert Smith Freehills has advised Renault Group with a team composed of partners Christopher Theris (Picture) and Rebecca Major, of counsel Paul Morton, and associate Merwan Becharef, on corporate and contractual aspects; and partner Sergio Sorinas and associates Agathe Esch and Anne-Cécile Bing on antitrust aspects.

Involved fees earner: Anne-Cécile Leverd – De Pardieu Brocas Maffei; Merwan Becharef – Herbert Smith Freehills; Agathe Esch – Herbert Smith Freehills; Rebecca Major – Herbert Smith Freehills; Paul Morton – Herbert Smith Freehills; Sergio Sorinas – Herbert Smith Freehills; Christopher Theris – Herbert Smith Freehills;

Law Firms: De Pardieu Brocas Maffei; Herbert Smith Freehills;

Clients: Renault SA;

Author: Federica Tiefenthaler