Air Liquide has acquired H2V Normandy as it looks to develop as 200MW electrolyser system to produce green hydrogen for industrial and heavy-duty mobility applications in Normandy, France.
Marking Air Liquide’s latest move in the European hydrogen sector, the industrial gas giant on Wednesday (20th Oct) said it will rename the acquired company Air Liquide Normand’Hy, after having previously owned 40% of the company.
Upon the acquisition, Air Liquide will now lead the large-scale proton-exchange membrane (PEM) electrolyser project, dubbed Air Liquide Normand’Hy, which will be connected to a hydrogen pipeline and contribute to a low-carbon hydrogen network in the region.
Scheduled to be complete in 2025, the project will avoid more than 250,000 tonnes of carbon emissions annually, and see collaboration with other major industrial on the Seine Valley axis in Normandy.
On the news, François Jackow, Executive Vice-President, and a Member of the Air Liquide Group’s Executive Committee supervising Europe Industries Activities, said, “This acquisition is a key milestone in producing renewable hydrogen on a large scale to supply industry and mobility markets.
“By 2030, Air Liquide is committed to bringing its total electrolysis capacity to 3GW. Drawing on the group’s expertise, the Air Liquide Normand’Hy project will be a key asset to decarbonise the Normandy industrial basin, one of the largest in Europe. It will contribute to the development of a low-carbon society with hydrogen as one of its key levers.”