Air Liquide and Siemens Energy Form a Joint Venture for the European Production of Large-scale Renewable Hydrogen Electrolyzers
June 23 2022 - 3:43AM
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Air Liquide (Paris:AI) and Siemens Energy
announce the creation of a joint venture dedicated to the series
production of industrial scale renewable hydrogen electrolyzers in
Europe. With two of the global leading companies in their field
combining their expertise, this Franco-German partnership will
enable the emergence of a sustainable hydrogen economy in Europe
and foster a European ecosystem for electrolysis and hydrogen
technology. Production is expected to begin in the second half of
2023 and ramp-up to an annual production capacity of three
gigawatts by 2025.
Air Liquide will take 25.1 percent, and Siemens Energy will hold
74.9 percent of the joint venture, which creation remains subject
to approval of the competent authorities. This joint venture will
be headquartered in Berlin. The joint venture multi-gigawatt
factory that produces electrolysis modules (“stacks”) would be also
located in the German capital, as announced earlier this year. This
factory will supply stacks to both Groups for their respective
broad range of customers and to serve the rapidly growing market.
Based on proton exchange membrane (PEM) electrolysis technology,
these stacks will feature a high degree of efficiency and are
ideally suited to harvest volatile renewable energy. In addition,
Air Liquide and Siemens Energy have agreed to dedicate R&D
capacities to the co-development of the next generation of
electrolyzer technologies within the framework of the
partnership.
The strategic partnership will benefit from a portfolio of
hydrogen projects combining both Air Liquide and Siemens Energy’s
pipelines, targeting large industrial-scale hydrogen projects in
collaboration with customers. This will create a solid basis for
the required rapid ramp-up of electrolysis capacities and thus is
expected to make competitive renewable hydrogen available sooner.
One of the first projects is the Air Liquide Normand’Hy
electrolyzer project, with a capacity of 200 megawatts (MW)
expected in the first phase, located in Normandy, France. The
assembly of the electrolyzer systems for this project is planned to
be made in France.
François Jackow, Chief Executive Officer of Air Liquide,
said: “ The creation of this Franco-German joint venture is a
major step towards the emergence of a leading European renewable
and low-carbon hydrogen ecosystem. By scaling up the production of
large scale electrolyzers, Air Liquide and Siemens Energy will be
able to provide their customers with access to large amounts of
competitive renewable hydrogen and to decarbonize their activities.
In line with its Sustainable Development strategy, Air Liquide is
more than ever committed to making hydrogen a driving force of the
energy transition and of the fight against global warming.
”
“We want to be a driving force in hydrogen technology,”
said Christian Bruch, CEO, and President of Siemens Energy AG.
“To make green hydrogen competitive, we need serially produced,
low-cost, scalable electrolyzers. We also need strong partnerships.
Together with Air Liquide as a pioneer in hydrogen for over 50
years, we look forward to implementing innovative solutions and
collaborating to shape this new hydrogen market.”
The partners have and will apply for “large projects” funding
under the EU’s Innovation Fund, Green Deal and Important Project of
Common European Interest (IPCEI)-scheme for hydrogen, funded by the
European Governments.
About Air Liquide
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 75 countries with
approximately 66,400 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 23 billion euros in
2021. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50 and FTSE4Good indexes.
About Siemens Energy
Siemens Energy is one of the world’s leading energy technology
companies. The company works with its customers and partners on
energy systems for the future, thus supporting the transition to a
more sustainable world. With its portfolio of products, solutions
and services, Siemens Energy covers almost the entire energy value
chain – from power generation and transmission to storage. The
portfolio includes conventional and renewable energy technology,
such as gas and steam turbines, hybrid power plants operated with
hydrogen, and power generators and transformers. More than 50
percent of the portfolio has already been decarbonized. A majority
stake in the listed company Siemens Gamesa Renewable Energy (SGRE)
makes Siemens Energy a global market leader for renewable energies.
An estimated one-sixth of the electricity generated worldwide is
based on technologies from Siemens Energy. Siemens Energy employs
around 91,000 people worldwide in more than 90 countries and
generated revenue of €28.5 billion in fiscal year 2021.
www.siemens-energy.com
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AIR LIQUIDE CONTACTS
Corporate Communications media@airliquide.com
Investor Relations IRTeam@airliquide.com
SIEMENS ENERGY
Alfons Benzinger +49 174 155 9447
alfons.benzinger@siemens-energy.com
Claudia Nehring +49 162 1668424
claudia.nehring@siemens-energy.com
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