On the morning of Monday, February 8, 2021, Air Liquide and Siemens announced that they were going to collaborate in the co-creation of large-scale projects in the sector, the industrial production of electrolyzers in Europe. This concerns Germany and France in particular and includes research and development with the aim of jointly developing the next generation of electrolyzers.
So it was on Monday that we learned of this upcoming collaboration between Air Liquide and Siemens Energy in large-scale hydrogen projects in Europe. The aim of the operation here is to accelerate sustainable production. The French and German Ministers of the Economy both welcomed this large-scale initiative.
More specifically, the agreement signed between the two industrialists aims to unite the expertise of these two giants in proton exchange membrane electrolysis technology.
Also in this morning's press release, the two groups also indicated that they would like to collaborate in the co-creation of large-scale projects in the field of proton exchange membrane electrolysis.the two groups also said in this morning's press release that they would like to collaborate in the co-creation of large-scale projects in the hydrogen sector, the industrial production of electrolyzers in Europe, including Germany and France, and in the development of a new generation of electrolyzers.
It should be remembered here that hydrogen will play a key role in enabling the European Union to achieve the objectives set in terms of reducing CO2 and greenhouse gas emissions, as Air Liquide and Siemens point out.
The two companies therefore believe it is essential to accelerate the availability of hydrogen produced in a sustainable manner through large capacity PEM electrolysers in order to meet growing demand and reduce costs.
The two companies also state that they will jointly submit applications for large project funding and that they have already identified opportunities for cooperation on large sustainable hydrogen projects in France, Germany and other European countries. In particular, they are talking about the Air Liquide H2V Normandy project in France with a capacity of 200MW, which is one of the most ambitious European hydrogen projects based on renewable energy.
This ambitious project by Air Liquide and Siemens Energy is therefore the beginning of an industrial cooperation that should develop just about everywhere in Europe and elsewhere in the world, as the Minister of the Economy Bruno Le Maire pointed out. He believes that it is now that we must invest massively to develop new value chains and new technologies. German Minister Peter Altmeier also congratulated the two groups for joining forces and believes that hydrogen is a crucial element in contributing to European and global efforts to combat climate change.
Following this announcement, the Siemens Energy share gained 2% at 10:00 a.m. at €21.90, while the Air Liquide share rose by 0.11%.