Electrolysis technology is the subject of a new agreement between Air Liquide and Siemens for the development of green hydrogen. Both companies have applied for funding under the Green New Deal and are jointly participating in the German IPCEI hydrogen program. Their partnership contributes to the birth of a European ecosystem for RE.
Electrolysis technology to develop green hydrogen
Cooperation around a 200 MW hydrogen power plant already planned
Electrolysis technology will enable the two giants Air Liquide and Siemens Energy to strengthen their collaboration in the development of sustainable, “green” hydrogen. The protocol signed on Monday, February 8, includes cooperation on large-scale projects such as the Air Liquide H2V Normandy project with a capacity of 200 MW. It also provides for increased R&D collaboration to jointly develop the next generation of electrolyzers.
The two companies will jointly submit applications for financing of large projects under the European Green New Deal. They also hope to benefit from the Important Project of Common European Interest (PIIEC) program for hydrogen, funded by the French and German governments.
Even cleaner hydrogen
Water electrolysis is a process that separates the hydrogen and oxygen molecules in water using an electric current. By using renewable energy or nuclear power for the necessary electricity, electrolysis makes it possible to obtain decarbonized and local hydrogen. Air Liquide and Siemens Energy hope to improve and generalize this still confidential technique in Europe. The long-term objective is to install high-capacity electrolysers throughout Europe.
The merger of two European energy champions
22 billion euros in revenue for Air Liquide
The French group Air Liquide is a world leader in gases, technologies and services for industry and health. With 67,000 employees in 80 countries, it serves more than 3.7 million customers and patients. Its turnover was 22 billion euros in 2019, 40% of which came from the protection of life and the environment.
27.5 billion in sales for Siemens Energy
Germany’s Siemens Energy covers the entire energy value chain: from production to transmission and storage. In fact, one-sixth of the electricity produced in the world is based on these technologies. It also employs 90,000 people and generated revenues of €27.5 billion in 2020.
Hydrogen at the heart of the European energy strategy
7 and 9 billion in hydrogen for France and Germany
France and Germany will invest seven and nine billion euros respectively in the development of their hydrogen industry. According to Bruno Le Maire, French Minister of the Economy:
“Now is when we need to invest heavily to develop new value chains and new technologies.”
His German counterpart, Peter Altmaier, states that :
“Hydrogen is […] a crucial element in contributing to European and global efforts to combat climate change.”
Carbon neutrality by 2050
Therefore, Europeans have high expectations of hydrogen, even more so since the European Union has committed to a carbon neutral strategy for 2050. The objective is to meet the challenges of energy transition but also of post-pandemic economic recovery.
In this sense, with their cooperation, Air Liquide and Siemens Energy are promoting the emergence of a European ecosystem for hydrogen technologies. This cooperation was therefore widely encouraged, especially by France and Germany.