Air Liquide Makes a Strategic Investment in the Production of Decarbonated Hydrogen by Electrolysis
24 Janvier 2019 - 6:00PM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) announces that it acquired an 18.6%
stake in the capital of the Canadian company Hydrogenics
Corporation, a leader in electrolysis hydrogen production equipment
and fuel cells. This strategic transaction, which represents an
investment of 20.5 million US dollars (18 million euros), enables
the Group to reaffirm its long-term commitment to the hydrogen
energy markets and its ambition to be a major player in the supply
of carbon-free hydrogen, particularly for industry and mobility
markets.
Convinced that hydrogen will play a key role in the energy
transition, Air Liquide has been a pioneer in the development of
the hydrogen sector for several years. Air Liquide and Hydrogenics
have also entered into a technology and commercial agreement to
jointly develop PEM (Proton Exchange Membrane) electrolysis
technologies for the rapidly growing hydrogen energy markets around
the world.
Commenting on this investment, François Darchis, Senior
Vice-President and member of the Air Liquide Group Executive
Committee, supervising Innovation, said: "Water electrolysis is
one of the key technologies to accelerate the emergence of hydrogen
as a sustainable energy carrier. Indeed it enables the production
of totally carbon-free hydrogen, thanks namely to renewable
electricity. By partnering with Hydrogenics, a leader in
electrolysis and fuel cell technologies, Air Liquide is reinforcing
its technology portfolio in hydrogen production and strengthening
its ability to offer competitive decarbonated hydrogen on a large
scale. We are more than ever convinced that hydrogen will play a
major role in the fight against global warming. Drastically
reducing CO2 emissions is vital for the planet. In this area, Air
Liquide has the most ambitious objectives in its industry".
About Hydrogenics
CorporationHydrogenics Corporation (www.hydrogenics.com)
is a world leader in engineering and building the technologies
required to enable the acceleration of a global power shift.
Headquartered in Mississauga, Ontario, Hydrogenics provides
hydrogen generation, energy storage and hydrogen power modules to
its customers and partners around the world. Hydrogenics has
manufacturing sites in Germany, Belgium and Canada and service
centers in Russia, Europe, the US and Canada.
Air Liquide's commitment to hydrogen
energyIn the past 50 years, Air Liquide has developed
unique expertise enabling it to master the entire hydrogen supply
chain, from production and storage to distribution and the
development of applications for end users, thus contributing to the
widespread use of hydrogen as a clean energy source, for mobility
in particular. Air Liquide has designed and installed more than 120
stations around the world to date.Hydrogen is an alternative to
meet the challenge of clean transportation and thus contributes to
the improvement of air quality. Used in a fuel cell, hydrogen
combines with oxygen in the air to produce electricity, emitting
only water. It does not generate any pollution at the point of use:
zero greenhouse gases, zero particles and zero noise. Hydrogen
provides a concrete response to the challenges posed by sustainable
mobility and local pollution in urban areas.
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A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 65,000 employees and serves more than 3.5 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability. The
company’s customer-centric transformation strategy aims at
profitable growth over the long term. It relies on operational
excellence, selective investments, open innovation and a network
organization implemented by the Group worldwide. Through the
commitment and inventiveness of its people, Air Liquide leverages
energy and environment transition, changes in healthcare and
digitization, and delivers greater value to all its
stakeholders.
Air Liquide’s revenue amounted to 20.3 billion euros in 2017 and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
www.airliquide.comFollow us on Twitter
@airliquidegroup
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