Deal announcement

goetzpartners advised Areva on the sale of Helion Hydrogen Power

28. April 2021

goetzpartners successfully advised Areva on the sale of Helion Hydrogen Power, specialized in high power fuel cells, to the leading transportation group Alstom.

AREVA Energies Renouvelables has successfully completed the sale of its subsidiary Helion Hydrogen Power, specialized in high power fuel cells, to Alstom.
Through this acquisition, Alstom, who is playing a pioneering role in the field of hydrogen for the railway sector, extends its portfolio of innovative, competitive solutions and pursues the implementation of its Alstom in Motion strategic plan. It also strengthens its technological footprint in France and its local presence in the region of Provence-Alpes-Côte d'Azur, in addition to its current sites in Aix-en-Provence and Vitrolles.

goetzpartners acted as exclusive financial advisor to AREVA, further underlining our competence as advisor of choice in the Energy industry, and more specifically in renewables. This is in particular the second transaction managed by goetzpartners in the field of hydrogen, following the strategic partnership between McPhy Energy and EDF.

This transaction also demonstrates goetzpartners ability to closely work with leading Strategic players and advise them on achieving their refocusing strategy.

Helion Hydrogen Power employs nearly 30 experienced, multidisciplinary staff at its site in Aix-en-Provence. The company covers the entire value chain of high-power fuel cells: design, development, manufacturing, engineering support and customer training. Today, it focuses mainly on the energy and transport markets, in France and abroad. Helion Hydrogen Power has been involved in more than 100 projects and some 30 of its solutions are in operation worldwide. For more information, please visit

Leading the way to greener and smarter mobility worldwide, Alstom develops and markets integrated systems that provide the sustainable foundations for the future of transportation. Alstom offers a complete range of equipment and services, from high-speed trains, metros, trams and e-buses to integrated systems, customised services, infrastructure, signalling and digital mobility solutions. Alstom employs c. 40,000 employees worldwide working on 105 sites in 60 countries and generated EUR 8.2 billions of sales in 2019/20. The shares of Alstom SA are listed on Euronext Paris. For more information, please visit


Serge Prager
Managing Director

Camille Périssère

Charles Delerue Simon