ENR Siemens Energy AG

By Olivia Bugault

Air Liquide SA and Siemens Energy AG have signed a memorandum of understanding in order to develop electrolysis and hydrogen technology, the companies said Monday.

The French industrial-gas supplier and the German energy company will collaborate on industrial-scale hydrogen projects that will lay the ground for the development and mass manufacturing of electrolyzers in Europe, they said. An electrolyzer is a technology that uses electricity to break water into hydrogen and oxygen.

"Hydrogen will play an essential role to achieve the European Union's objectives for CO2 and greenhouse gas emission reduction," they said, adding that "in order to meet rapidly growing demand, and to lower costs, it is key to accelerate the production of sustainably generated hydrogen through large-scale Proton Exchange Membrane electrolyzers."

The companies will apply for projects funding under the European Union's Green Deal, they said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

February 08, 2021 02:39 ET (07:39 GMT)

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