Groupe E and ENGIE Services AG are committed to the energy transition and have founded the Swiss H2 Generation Corporation. The goal of the Swiss H2 Generation is the generation of renewable hydrogen for CO2-neutral mobility, industry and the storage of renewable energy.
Hydrogen energy is 100% renewable and emission-free when produced by green electricity electrolysis. With the same mass, hydrogen contains up to three times more energy than diesel and two and a half times more than natural gas. These specific features make the energy source a real solution to the challenges of the energy transition. Swiss H2 Generation invests in the environmentally friendly production of hydrogen starting around the end of 2020 near the dam of Schiffenen.
Three major uses of hydrogen are CO2-neutral mobility, industry and, at a later stage, the storage of renewable energy for subsequent conversion into heat or electricity. Swiss H2 Generation will provide top solutions in these three market segments. The technologies of production and use of hydrogen are ready for application today, the regulations and the procedures ensure a perfect risk control.
For ENGIE Services AG, the merger with Groupe E as a partner is an opportunity as the company operates renewable energy production facilities. Groupe E brings with it its 100 years of experience in the production process of hydropower and its groundbreaking activity in the field of renewable energy. ENGIE Services AG has in-depth experience in the field of hydrogen production. For example, in June 2017, ENGIE France opened its first site in Vannes, Morbihan, Morbihan, for the production, storage, and recharging of the hydrogen-powered vehicle fleet of its customer Morbihan Energies.
Swiss H2 Generation operates in the field of climate-friendly and environmentally friendly hydrogen. The joint venture company, based in Granges-Paccot, is equally owned by Groupe E SA and ENGIE Services AG. The Competition Commission still has to agree to the incorporation.
Groupe E in focus
Groupe E is a renowned trusted Swiss energy company. Its production plants, which are run as a private equity firm, include water, solar and thermal power plants, whose production accounts for around half of the 3 TWh sold each year. Together with the Group companies, Groupe E offers a comprehensive range of products and services in a wide variety of areas such as renewable energies, district heating, natural gas supply, electrical installations, energy efficiency, electromobility, engineering, and household electrical appliances. Groupe E and its companies employ more than 2,000 people and train approximately 250 apprentices.
ENGIE in focus
For ENGIE, sustainable development in all its business areas (electricity, natural gas, energy services) is at the forefront in overcoming the major challenges of moving towards a carbon-neutral economy. ENGIE Services AG, the Swiss subsidiary of the Group, is Switzerland’s leading company for environmentally friendly and energy-efficient solutions and services for the entire life cycle of buildings and installations. ENGIE employs 1,600 people at over 20 locations in Switzerland, including more than 90 apprentices.