Air Liquide 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 CO2emissions is vital for the planet. In this area, Air Liquide has the most ambitious objectives in its industry”.
About Hydrogenics Corporation
Hydrogenics 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 energy
In 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.
Read the most up to date Fuel Cell and Hydrogen Industry news at FuelCellsWorks