The world’s biggest industrial gases group Linde today said it has acquired a 10% stake in Swiss green hydrogen producer and supplier Hydrospider to reaffirm its commitment to hydrogen mobility.
Linde will bring its wealth of experience in the construction and operation of electrolysis plants and also contribute to the economic and safe operation of the plants.
The Irish-domiciled company said it will also support Hydrospider in logistics in order to be able to supply the filling stations efficiently and reliably with hydrogen.
Jens Waldeck, Managing Director of the Linde Gases Division for Central Europe, said, “The investment in Hydrospider offers Linde the opportunity to actively participate in shaping one of the most attractive projects for green hydrogen and emission-free mobility in Europe.”
Owned equally by H2 Energy and Alpiq, with a 45% share each, Hydrospider is building Switzerland’s first commercial hydrogen production plant.
Located at the Gösgen hydropower plant, Alpiq and H2 Energy plan to use hydropower to produce hydrogen for use in commercial operations, namely heavy-duty hydrogen trucks from Hyundai Motor Company.
The hydrogen produced by Hydrospider will be used to power the first 50 of 1,600 fuel cell electric trucks, which Hyundai and H2 Energy aim to be on Swiss roads by 2025.
Linde has announced the signature of a long-term agreement with ExxonMobil Asia Pacific Pte. Ltd. to support the latest multi-billion dollar expansion of the company’s integrated manufacturing complex in Singapore.
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