Air Liquide will hold a 40% stake in the capital of H2V Normandy. This investment will enable the construction of an electrolyser complex with a capacity of up to 200MW by 2022-2023. In this way, the group is encouraging the large-scale production ofrenewable, low-carbonhydrogen in France.
Air Liquide main partner of the H2V Normandy project
A 40% investment in the capital of H2V Normandy
The French industrial gases giant has acquired a stake in H2V Normandy, a subsidiary of the H2V Product group. This investment implies that Air Liquide would finance up to 40% of the 230 million euros investment envisaged by the Normandy subsidiary.
Objective: to become a major player in the decarbonization of French industry
Thanks to its experience in the field, the group supports the development of “green” renewable hydrogen production around the world. This strategic investment demonstrates its long-term commitment to the energy transition. The ambition is to be a major player in the decarbonization of the industrial and mobility markets.
A complex of 25 electrolysers in Normandy
200MW of electrolysers
The group plans to build an electrolyser complex with a total capacity of 200MW. They should be located in Port-Jérôme on the Seine Valley axis in Normandy, one of the historical industrial basins of the French industrial gas group. In addition, this initiative is part of a program to develop new energies to decarbonize industrial activities.
In the future, the device will also be able to provide hydrogen for heavy mobility applications.
A unique economic opportunity for the region
According to the H2V Product spokesperson, certified low-carbon renewable energy sources will power the device. Moreover, the complex would be precisely composed of 25 electrolysers, supplied by the Norwegian company HydrogenPro. It is estimated that the project will be operational by 2022-2023, with the creation of 170 direct and indirect jobs.
In the long run, this project will save 250,000 tons of CO2 emissions per year. Another step forward in the energy transition of French industry. In fact, hydrogen is progressively becoming a part of the energy mix in this sector.