By Giulia Petroni 
 

Siemens Energy AG said Wednesday that it will partner with Siemens Gamesa Renewable Energy SA to develop an industrial-scale system to produce hydrogen from renewable sources by integrating an electrolyzer into an offshore wind turbine.

The energy companies will invest approximately 120 million euros ($146 million) over five years in developments that will lead to a fully integrated system. The project is supported by the German government, Siemens Energy said.

"The companies developments will serve as a test bed for making large-scale, cost-efficient hydrogen production a reality," the German energy company said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

January 13, 2021 07:29 ET (12:29 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Siemens Energy (TG:ENR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Siemens Energy Charts.
Siemens Energy (TG:ENR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Siemens Energy Charts.